November 21, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta and the market seems to like the stock again, probably because of the announced $6 billion buy-back plan:

 

BTC 2 FB 25Nov16 117 calls (FB161125C117)
STO 2 FB 02Dec16 120 calls (FB161202C120) for a debit of $1.45  (selling a diagonal)

BTC 2 FB 25Nov16 118 calls (FB161125C118)
STO 2 FB 25Nov16 120 calls (FB161125C120) for a debit of $1.33  (buying a vertical)

BTO 2 FB 20Jan17 120 calls (FB170120C120)
STC 2 FB 20Jan17 115 calls (FB170120C115) for a credit of $3.04  (selling a vertical)

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

 
Happy trading.

 

Terry