November 23, 2015  Trade Alert -  Foxy Facebook  Portfolio

There is very little premium remaining in this short call and we can collect enough new premium to add on another spread:

 

BTC 2 FB NOV4 15 110 calls (FB151127C110)
STO 2 FB Dec1-15 107 calls (FB151204C107) for a credit of $1.35  (selling a diagonal)

BTO 1 FB Mar-16 110 call (FB160318C110)
STO 1 FB Dec2-15 110 call (FB151211C107) for a debit of $3.97  (buying a diagonal)

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

 
Happy trading.

 

Terry