October 29, 2015  Trade Alert -  Foxy Facebook  Portfolio

We have short calls which are so far in-the-money that there is little time premium to collect:

 

BTO 3 FB Mar-16 100 calls (FB160318C100)
STC 3 FB Mar-16 95 calls (FB160318C95) for a credit of $3.14  (selling a vertical)

BTC 1 FB NOV1 15 99 call (FB151106C99)
STO 1 FB NOV1 15 106 call (FB151106C106) for a debit of $4.21  (buying a vertical)

BTC 1 FB OCT5 15 100 call (FB151030C100)
STO 1 FB NOV1 15 107 call (FB151106C107) for a debit of $2.37  (selling a diagonal)

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

 
Happy trading.

Terry