May 5, 2016  Trade Alert -  Foxy Facebook  Portfolio

There is very little time premium remaining in these short calls, so we should roll them over:

 

BTC 2 FB 06May16 117 calls (FB160506C117)
STO 2 FB 20May16 120 calls (FB160520C120) for a debit of $.25  (selling a diagonal)

BTO 1 FB 15Jul16 120 call (FB160715C120)
STC 1 FB 17Jun16 115 call (FB160617C115) for a credit of $1.62  (buying a diagonal)

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

 
Happy trading.

 

Terry