September 1, 2016  Trade Alert -  Foxy Facebook  Portfolio

We are in danger of becoming negative net delta:

 

BTC 2 FB 09Sep16 125 calls (FB160909C125)
STO 2 FB 16Sep16 127 calls (FB160916C127) for a debit of $.71  (selling a diagonal)

BTC 2 FB 09Sep16 125 calls (FB160909C125)
STO 2 FB 23Sep16 127 calls (FB160923C127) for a debit of $.25  (selling a diagonal)

BTO 1 FB 16Dec16 125 call (FB161216C125)
STC 1 FB 16Dec16 120 call (FB161216C120) for a credit of $3.07  (selling a vertical)

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

 
Happy trading.

 

Terry