We’ve decided to take this FB trade off after playing the roll game for the past few expiries. At this point, the October 38 call that we’re long doesn’t have much optionality left, so we’d …
Continue readingBillion Dollars
Selling the weekly 40’s worked well this week and made back the loss from gamma last week in the form of decay this week (about 30c.) With the long holiday weekend on the horizon and …
Continue readingPressing our luck on the 38 line cost us a little money today as the FB ripped higher on an upgrade note from JPM. Bad timing on the weekly expiration. We’re going to stay in …
Continue readingFacebook has paused at its IPO price of 38 and it seems like it could continue to act as resistance for a bit longer. We’re going to try to squeeze as much out of that …
Continue readingEven Warren Buffett, the perennial optimist, can hardly find anything positive to say about airlines. Some of his thoughts on the industry over the years: How do you become a millionaire? Make a billion dollars …
Continue readingWhen FB got back to its IPO price of $38, we suspected that it was a good spot to look for the stock to consolidate and try to take advantage of that with options. We …
Continue readingOk I’ll be quick here, we have written about FB a bit this week and posted on 2 separate trades that should benefit from the stock consolidating over the next couple weeks and subsequently seeing …
Continue readingA couple days ago I laid out the case for why FB shares should consolidate in the near term (below) and later detailed a trade that would take advantage of implied volatility compressing after the …
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