October 15, 2015  Trade Alert -  Foxy Facebook  Portfolio

The stock is looking strong and we should get out of some in-the-money short calls:

 

BTC 1 FB Oct-15 95 call (FB151016C95)
STO 1 FB Nov1-15 98 call (FB151106C98) for a credit of $1.22  (selling a diagonal)

BTC 1 FB OCT4 15 95 call (FB151023C95)
STO 1 FB OCT4 15 97 call (FB151023C97) for a debit of $1.10  (buying a vertical)

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

 
Happy trading.

 

Terry