September 6, 2016  Trade Alert #2 -  Foxy Facebook  Portfolio

The stock has moved up once again and made us negative net delta once again:

 

BTC 4 FB 16Sep16 126 calls (FB160916C126)
STO 4 FB 16Sep16 128 calls (FB160916C128) for a debit of $1.30  (buying a vertical)

BTO 2 FB 16Dec16 130 calls (FB161216C130)
STC 2 FB 16Dec16 125 calls (FB161216C125) for a credit of $2.65  (selling a vertical)

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

 
Happy trading.

 

Terry