Vancouver Posted July 11, 2015 Posted July 11, 2015 Entered a 3-week calendar P87.5 spread on FB today @ $0.59. Long August 21, short July 31. During the April 2015 cycle, we entered a 3-week spread for $0.56 & $0.54, and exited at a loss for $0.61 & $0.62 The stock was a few points lower, so entering at $0.59 is similar to entering at $0.55 in the previous cycle. Not a screaming buy, but seems like a good entry level when I compare to the previous few cycles. Quote
Kim Posted July 11, 2015 Posted July 11, 2015 I agree. And previous cycle was an anomaly, usually prices ended up around 0.75-0.80, so 0.55-0.60 should provide good risk/reward. Quote
Vancouver Posted July 14, 2015 Author Posted July 14, 2015 Bought the P90 3-week spread at $0.57 as well. Quote
Vancouver Posted July 24, 2015 Author Posted July 24, 2015 Used the pullback today to close the P87.5 @ $0.55 for a small loss (entered @ $0.59) Closed also the P90 @ $0.63 (entered @ $0.57). So jointly a very small loss. With the stock a bit off my strikes, and the risk of good AMZN quarter, I decided to exit. Quote
Vancouver Posted July 24, 2015 Author Posted July 24, 2015 Back to the 3-week spread trade. P96 @ $0.63 and P97 @ $0.62 Quote
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