October 19, 2015  Trade Alert -  Foxy Facebook  Portfolio

 

If the stock goes up another dollar we will become negative net delta:

BTO 2 FB Mar-16 97.5 calls (FB160318C97.5)
STC 2 FB Mar-16 92.5 calls (FB160318C92.5) for a credit of $2.86  (selling a vertical)

BTC 2 FB OCT4 15 96 calls (FB151023C96)
STO 2 FB Oct5-15 98.5 calls (FB151030C98.5) for a debit of $1.00  (selling a diagonal)

BTC 1 FB NOV1 15 95 call (FB151106C95)
STO 1 FB NOV1 15 99 call (FB151106C99) for a debit of $2.26  (buying a vertical)

BTC 1 FB OCT5 15 96 call (FB151030C96)
STO 1 FB OCT5 15 99 call (FB151030C99) for a debit of $1.76  (buying a vertical)

 

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

 
Happy trading.

 

Terry