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2013-08-27 Free Trade of the Day (FB)

Posted on August 27th, by Mitchell Warren in Free Articles, Options Risk Management, Trade Ideas. Comments Off on 2013-08-27 Free Trade of the Day (FB)

 Free Trade of the Day
Facebook (FB)

Notes: Consider the options trade idea below if Facebook (FB) shares are able to hold above the $39 level tomorrow.

Facebook (FB) Options Trade Idea

Buy the (FB) Sep. $40/$42 call spread for a $0.68 debit or better

(Buying the Sep. $40 Call and selling the Sep. $42 Call, all in one trade)

Stop loss- None

Upside target- $2.00

Updates: Kodiak Oil & Gas (KOG) shares fell 2.09% today, confirming the short-term top that was put in yesterday.

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