Oversold and PB2MA in FB

[Steven Place]

Social media investors have not had a good month. TWTR FB GOOGL BIDU LNKD and others have seen selling in response to not the best earnings reports.

I’m not sure we’re at *the* turn for these stocks, but FB is at an attractive level for some bull put spreads.

Sell to Open FB Jun 72.50/70 Bull Put Spreads @0.43 HALF SIZE

ADD to the trade at 0.70

ROLL the trade down and out to July if 73 is hit

CLOSE the trade at 0.10.

[Steven Place]

FB rallied hard and the trade is sitting at a price of .10 so it’s time to bail

Buy to Close FB Jun 72.50/70 Bull Put Spread @0.10

Absolute Return: 0.33

Return on Risk: 16%

Days in Trade: 8

[Author]

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