{"id":8298,"date":"2017-07-26T14:55:19","date_gmt":"2017-07-26T18:55:19","guid":{"rendered":"https:\/\/trades.iwopremium.com\/?p=8298"},"modified":"2017-07-26T14:55:19","modified_gmt":"2017-07-26T18:55:19","slug":"update-to-fb-trade","status":"publish","type":"post","link":"https:\/\/trades.iwopremium.com\/update-to-fb-trade\/","title":{"rendered":"Update to FB Trade"},"content":{"rendered":"<p>FB reports earnings tonight, and we have some bear call spreads that are a little too risky to hold into earnings.<\/p>\n<p>We are going to roll them out in time and up in price to give us a buffer.<\/p>\n<p>The current trade setup:<\/p>\n<p>Expected Price: 160<\/p>\n<p><strong>Sell to Open FB Aug 170\/175 Call Spread\u00a0<\/strong><\/p>\n<p>Tier 1: Open at 0.73, Close at 0.23<\/p>\n<p>Tier 2: Open at 1.03, Close at 0.73<\/p>\n<p>No Tier 3 Until After Earnings<\/p>\n<p>The price of the spread is currently 1.40, so a small drawdown.<\/p>\n<p>The short option is 3% higher than current price. Here is the earnings movement for FB:<\/p>\n<p id=\"tESaCRi\"><img decoding=\"async\" loading=\"lazy\" width=\"1037\" height=\"371\" class=\"alignnone size-full wp-image-8299 \" src=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2017\/07\/img_5978e4c9312ee.png\" alt=\"\" srcset=\"https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2017\/07\/img_5978e4c9312ee.png 1037w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2017\/07\/img_5978e4c9312ee-300x107.png 300w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2017\/07\/img_5978e4c9312ee-768x275.png 768w, https:\/\/trades.iwopremium.com\/wp-content\/uploads\/2017\/07\/img_5978e4c9312ee-1024x366.png 1024w\" sizes=\"(max-width: 1037px) 100vw, 1037px\" \/><\/p>\n<p>While the past few events have been negative, it&#8217;s still not a good &#8220;comfort zone.&#8221;<\/p>\n<p>Here is the adjustment:<\/p>\n<p>Buy to Close FB Aug 170\/175 Call Spread @1.40<\/p>\n<p>Sell to Open FB Sep 175\/180 Call Spread @1.09<\/p>\n<p>We still have our third tier planned add after earnings for the stock.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FB reports earnings tonight, and we have some bear call spreads that are a little too risky to hold into earnings. We are going to roll them out in time and up in price to give us a buffer. The current trade setup: Expected Price: 160 Sell to Open FB Aug 170\/175 Call Spread\u00a0 Tier [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[24],"tags":[],"_links":{"self":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/8298"}],"collection":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/comments?post=8298"}],"version-history":[{"count":1,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/8298\/revisions"}],"predecessor-version":[{"id":8300,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/posts\/8298\/revisions\/8300"}],"wp:attachment":[{"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/media?parent=8298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/categories?post=8298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trades.iwopremium.com\/wp-json\/wp\/v2\/tags?post=8298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}