November 21, 2016  Trade Alert #2 -  Foxy Facebook  Portfolio

We have become negative net delta once again as the stock has moved higher: 

BTC 2 FB 25Nov16 119 calls (FB161125C119)
STO 2 FB 25Nov16 121 calls (FB161125C121) for a debit of $1.38  (buying a vertica

BTO 1 FB 20Jan17 120 call (FB170120C120)
STC 1 FB 20Jan17 115 call (FB170120C115) for a credit of $3.20  (selling a vertical)

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

 
Happy trading.

 

Terry