May 25, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta:

 

BTC 2 FB 27May16 115 calls (FB160527C115)
STC 2 FB 15Jul16 115 calls (FB160715C115) for a credit of $2.68  (selling a calendar)

BTC 1 FB 27May16 115 call (FB160527C115)
STO 1 FB 27May16 118 call (FB160527C118) for a debit of $2.30  (buying a vertical)

BTC 1 FB 27May16 116 call (FB160527C116)
STO 1 FB 27May16 118 call (FB160527C118) for a debit of $1.42  (buying a vertical)

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

 
Happy trading.

 

Terry