September 6, 2016  Trade Alert #4 -  Foxy Facebook  Portfolio 

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

BTC 4 FB 09Sep16 127 calls (FB160909C127)
STO 4 FB 16Sep16 129 calls (FB160916C129) for a debit of $.81  (selling a diagonal)  

BTO 1 FB 16Dec16 130 call (FB161216C130)
STC 1 FB 16Dec16 125 call (FB161216C125) for a credit of $2.80  (selling a vertical)

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

 
Happy trading.

 

Terry