September 6, 2016  Trade Alert #5 -  Foxy Facebook  Portfolio

It is really hard keeping this portfolio positive net delta.  We can’t do anything more today without having a day trade issue:

 

BTC 1 FB 23Sep16 127 call (FB160923C127)
STC 1 FB 16Dec16 125 call (FB161216C125) for a credit of $5.95  (selling a diagonal)

BTC 1 FB 23Sep16 127 call (FB160923C127)
STO 1 FB 16Sep16 130 call (FB160930C130) for a debit of $2.40  (buying a diagonal)

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

 
Happy trading.

 

Terry