October 5, 2015  Trade Alert #2 -  Foxy Facebook  Portfolio

We are still not long enough:

 

BTO 3 FB Mar-16 95 calls (FB160318C95)STC 3 FB Jan-16 90 calls (FB160115C90) for a credit of $.67  (buying a diagonal)

BTC 2 FB OCT2 15 92.5 calls (FB151009C92.5)STO 2 FB Oct4-15 96 calls (FB151023C96) for a debit of $.83  (selling a diagonal)

BTC 1 FB Oct-15 92 call (FB151016C92)STO 1 FB Oct5-15 97 call (FB151030C97) for a debit of $1.73  (selling a diagonal)

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

 
Happy trading.

 

Terry