October 24, 2016  Trade Alert -  Foxy Facebook  Portfolio

We have become negative net delta:

 

BTC 1 FB 28Oct16 130 call (FB161028C130)
STC 1 FB 16Dec16 130 call (FB161216C130) for a credit of $3.50  (selling a calendar)

BTC 2 FB 28Oct16 131 calls (FB161028C131)STO 2 FB 04Nov16 134 calls (FB161104C134) for a credit of $.71  (selling a diagonal)

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

 
Happy trading.

 

Terry