Market Curiosity: Exploring Markets And Systems

January 15, 2013

FB – sell Feb 30 call for > $200 (update 2, Jan 29) -16%

Filed under: -05 to -24%, Short Calls — Tags: — Jeff Fitzmyers @ 11:07 pm

Not selling if the stock opens significantly down. (Could fill the gap and keep going up.)
– Down on volume.
– Short term RSI closing under medium term RSI.

Should at least stall out here.
Stop loss is a close above 32.

+ FarceBook Is Out Of Gas

FB daily jan 15 s013

Update January 16: Filled at $220.

Update January 29: Covered at $256, -16%.

I would not want to be long, but more so, I don’t want to be short right before earnings tomorrow. The reward is not worth the risk.

FB daily jan 29 2013 10.45 pst AM

Update January 31:
Option had a low of $51 and closed at $155.

FB daily Jan 31 2013

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