Facebook lag straddle play
Plan A
•Short term calls to take profits on Thursday
• Hold until it starts getting closer to 1st resistance
•Sell half of position at 1ST-R
Sell full if it breaks through and goes close to 2ND-R
PLAN B
•Once it reaches 2ND-RESISTANCE
Buy puts going into Friday or if it doesn’t break through in time
Buy for next week
I personally will buy put options for august When it reaches 2ND-R
•Short term calls to take profits on Thursday
• Hold until it starts getting closer to 1st resistance
•Sell half of position at 1ST-R
Sell full if it breaks through and goes close to 2ND-R
PLAN B
•Once it reaches 2ND-RESISTANCE
Buy puts going into Friday or if it doesn’t break through in time
Buy for next week
I personally will buy put options for august When it reaches 2ND-R
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