May 18, 2016  Trade Alert -  Foxy Facebook  Portfolio

All of our short calls are well out of the money and we are way too long:

 

BTC 2 FB 20May16 121 calls (FB160520C121)
STO 2 FB 27May16 116 calls (FB160527C116) for a credit of $2.48  (selling a diagonal)

BTC 3 FB 20May16 120 calls (FB160520C120)
STO 3 FB 27May16 117 calls (FB160527C117) for a credit of $1.78  (selling a diagonal)

BTC 2 FB 27May16 121 calls (FB160527C121)
STO 2 FB 27May16 117 calls (FB160527C117) for a credit of $1.49  (selling a vertical)

BTC 2 FB 03Jun16 122 calls (FB160603C122)
STO 2 FB 03Jun16 118 calls (FB160603C118) for a credit of $1.86  (selling a vertical)

BTO 5 FB 15Jul16 115 calls (FB160715C115)
STC 5 FB 15Jul16 120 calls (FB160715C120) for a debit of $2.69  (buying a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

 
Happy trading.

 

Terry