October 7, 2016  Trade Alert -  Foxy Facebook  Portfolio

These trades will start setting us up for next week.  We are holding off on rolling over the 129 calls because there is still quite a bit of premium in the 07Oct16 calls:

 

BTC 4 FB 07Oct16 128 calls (FB161007C128)
STO 4 FB 21Oct16 129 calls (FB161021C129) for a credit of $.63  (selling a diagonal)

BTC 1 FB 07Oct16 128 call (FB161007C128)
STO 1 FB 14Oct16 129 call (FB161014C129) for a credit of $.00  (selling a diagonal)

BTO 1 FB 20Jan17 130 call (FB170120C130)
STO 1 FB 21Oct16 130 call (FB161021C130) for a debit of $5.45  (buying a calendar)

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

 
Happy trading.

 

Terry