- Number of messages : 5
Points : 1592
Date of Entry : 2017-03-23
Year : 38
Tue Apr 25, 2017 8:36 am
facebook as social media may have a lot of haters, but its stock? Not so much, at least when it comes to where the “smart money” is placing its bets.
- Number of messages : 636
Points : 4594
Date of Entry : 2013-01-29
Year : 51
Residence Country : Beograd
Mon Feb 06, 2017 3:09 pm
Facebook, Inc. (FB), $130.88
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Trade: Provided it does not gap over $133, we recommend selling 10 Mar 140/150 bear call spread (39 DTE) for mid-point or better of $.72/share.
Strategy: Bearish engulfing topping tail bar at Major Resistance after earning release.
Max Gain: Premium received of $720.
ROI: 7.7%, with 7.5% cushion to break even of $140.72/share.
Max Loss: Spread width less premium.
Stop Loss: $136.02
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