November 7, 2016  Trade Alert -  Foxy Facebook  Portfolio

The stock is up nicely and we should move some of our short calls to a higher strike:

 

BTC 4 FB 11Nov16 121 calls (FB161111C121)
STO 4 FB 18Nov16 123 calls (FB161118C123) for a debit of $.75  (selling a diagonal)

BTO 1 FB 20Jan17 125 call (FB170120C125)
STC 1 FB 20Jan17 120 call (FB170120C120) for a credit of $2.68  (selling a vertical)

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

 
Happy trading.

 

Terry