Wednesday, November 4, 2015

$FB verticle put option (paper trade)

Trading $FB options before 11.4.15 earning (after market).

Strategy: Weekly 2 days to expiry (dte), Vertical put SELL 102/ BUY 101 for 42 cents credit.

UPDATED: CLOSED $FB vertical TRADE FOR .02 cents debit. (Profit .40 cents)

$FB vertical put


Currently sentiment is bullish, I am expecting FB will be at all time high after earning. Technically on renko chart, I am expecting price to touch upper trend.
$FB renko chart


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