September 12, 2016  Trade Alert -  Foxy Facebook  Portfolio

We can get less long and collect some nice premium while remaining solidly positive net delta:

 

BTC 2 FB 16Sep16 131 calls (FB160916C131)
STO 2 FB 16Sep16 127 calls (FB160916C127) for a credit of $1.15  (selling a vertical)

BTC 2 FB 16Sep16 131 calls (FB160916C131)
STO 2 FB 16Sep16 128 calls (FB160916C128) for a credit of $.66  (selling a vertical)

BTC 2 FB 23Sep16 132 calls (FB160923C132)
STO 2 FB 23Sep16 127 calls (FB160923C127) for a credit of $1.68  (selling a vertical)

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

 
Happy trading.

 

Terry