Wednesday, October 23, 2013

Out of FB Oct 25 '13 $51.50 Puts @ $0.72... Into FB Oct 25 '13 $53 Calls @ $0.38 + Into FB Oct 25 '13 $50.50 Puts @ $0.36 = $0.74...


$0.20 gain on the puts, or 38.46%...

Tiny triangle formation on FB 1-day chart...

Looks like $51.50 could be a good straddle, but I'm counting on a big breakout on either direction and have placed some puts and calls in the path of the storm in hopes that one of them will go deeply into the money over the next two days...


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