Trade Book 21
Wednesday, July 4, 2012
Facebook (FB) Quicklook - 3 Jul 12
<ul>
<li>Decided to get off my bum and make a move today</li>
<li>Sold 10 Aug $35/40 Bear Vertical Calls today for $75/contract</li>
<li>Profit Potential of $750 / Loss Potential of $4,250</li>
<li>I don't see this POS getting bullish anytime soon with technical resistance, low volume, a high P/E and limited ways to improve the EPS</li>
<li><a href="http://www.clownbytes.com/2012/05/16/facebook-options-begin-may-29/" target="_blank" title="Initial Thoughts">Previous Thoughts</a></li>
</ul>
<a href="http://www.clownbytes.com/wp-content/uploads/2012/07/FB-3_Jul_12.jpg"><img alt="" class="alignleft size-large wp-image-789" height="326" src="http://www.clownbytes.com/wp-content/uploads/2012/07/FB-3_Jul_12-1024x548.jpg" title="FB-3_Jul_12" width="610" /></a>
Wednesday, May 16, 2012
Facebook Options Begin Trading on May 29
If everything goes well, I'll be able to start my synthetic shorts of Facebook on May 29 (This is sooner than normal for a company going public)
- As I predicted Facebook shares fell flat on their debut
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