October 31, 2016  Trade Alert -  Foxy Facebook  Portfolio

We need to expand the break-even range in both directions a bit before Wednesday’s announcement which might cause a big move of some sort:

 

BTO 2 FB 20Jan17 130 calls (FB170120C130)
STC 2 FB 20Jan17 125 calls (FB170120C125) for a credit of $3.12  (selling a vertical)

BTO 4 FB 09Dec16 138 calls (FB161209C138)
STO 4 FB 04Nov16 138 calls (FB161104C138) for a debit of $1.31  (buying a calendar)

BTO 3 FB 09Dec16 127 puts (FB161209P127)
STO 3 FB 04Nov16 127 puts (FB161104P127) for a debit of $1.28  (buying a calendar)

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

 
Happy trading.

 

Terry