New Trade : FB

Stock Symbol: FaceBook / FB

Option Strategy: [private_monthly]long puts[/private_monthly]
Price at this post: $20.77

Reasoning: [private_monthly]With some 270 million shares coming un-locked on Thursday, we're expecting some significant selling pressure on FB. So, we're putting on a simple put play. If we get our expected down move, we'll either take profits or write some lower strike puts. If we're wrong, and FB moves higher on/after Thursday, we'll close out the trade..

Trade Details:[private_monthly]

BTO 2 FB Sep12 21 puts
for a max debit of $1.85 per contract (day order / limit order). Current mid is $1.75. Ok to enter trade tomorrow if not filled today.

Cost/Proceeds $360
Option Requirement $0
Total Requirements $360
Estimated Commission $12.95

Max Risk: $360
Max Reward: unlimited
Profit Range: $0 - $19.20 (by Sep12 expiration)
Suggested upside stop: @ $21.51

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