May 19, 2016  Trade Alert -  Foxy Facebook  Portfolio

In spite of yesterday’s efforts, we still need to get shorter as the stock tanks:

 

BTC 3 FB 20May16 119 calls (FB160520C119) for $.05 (no commission)

STO 3 FB 27May16 115 calls (FB160527C115) for $2.30

BTO 4 FB 15Jul16 115 calls (FB160715C115)
STC 4 FB 15Jul16 120 calls (FB160715C120) for a debit of $2.45  (buying a vertical)

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

 
Happy trading.

 

Terry