November 16, 2016  Trade Alert -  Foxy Facebook  Portfolio

The stock has fallen so far that there is little reason to hang onto these put calendars any longer.  If you have been assigned any puts, sell the stock at the market and sell the proper number of the corresponding December puts at that strike.  Otherwise, sell all the calendars as follows:

 

BTC 4 FB 18Nov16 125 puts (FB161118P125)
STC 4 FB 16Dec16 125 puts (FB161216P125) for a credit of $.65  (selling a calendar)

BTC 2 FB 18Nov16 126 puts (FB161118P126)
STC 2 FB 09Dec16 126 puts (FB161209P126) for a credit of $.25  (selling a calendar)

BTC 3 FB 18Nov16 127 puts (FB161118P127
STC 3 FB 09Dec16 127 puts (FB161209P127) for a credit of $.18  (selling a calendar)

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

 
Happy trading.

 

Terry