October 15, 2015  Trade Alert #2 -  Foxy Facebook  Portfolio

We should get out of another in-the-money short call, and we will have to sell a vertical to get the cash:

 

BTO 1 FB Mar-16 97.5 call (FB160318C97.5)
STC 1 FB Mar-16 92.5 call (FB160318C92.5) for a credit of $2.65  (selling a vertical)

BTC 1 FB OCT5 15 94 call (FB151030C94)
STO 1 FB OCT5 15 97 call (FB151030C97) for a debit of $1.75  (buying a vertical)

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

 
Happy trading.

Terry