November 1, 2016  Trade Alert -  Foxy Facebook  Portfolio

The stock is down over a dollar today, and we will feel more comfortable becoming a little less long:

 

BTC 2 FB 04Nov16 134 calls (FB161104C134)
STO 2 FB 04Nov16 130 calls (FB161104C130) for a credit of $1.77  (selling a vertical)

BTO 2 FB 09Dec16 126 puts (FB161209P126)
STO 2 FB 04Nov16 126 puts (FB161104P126) for a debit of $1.52  (buying a calendar)

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

 
Happy trading.

 

Terry