October 10, 2016  Trade Alert #2  -   Foxy Facebook  Portfolio

The stock popped up before we could get our trade off.  We can get longer and generate some cash to cover our rolling up to higher strikes:

 

BTC 4 FB 21Oct16 129 calls (FB161021C129)
STO 4 FB 28Oct16 131 calls (FB161028C131) for a debit of $.68  (selling a diagonal)

BTO 2 FB 20Jan17 130 calls (FB170120C130)
STC 2 FB 20Jan17 125 calls (FB170120C125) for a credit of $3.00  (selling a vertical)

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

 
Happy trading.

 

Terry