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Facebook, Inc. (FB) Message Board

  • boomerskunk boomerskunk Jul 18, 2013 1:28 PM Flag

    In The Money Calls

    Sold in the money calls yesterday against my 6k shares. I sold the 25.50 for next week expiration. A cool $10,200 made. I hope FB drops below 25.50 next week. I'll hold my shares long. The summer will show increase usage of mobile for FB and Instagram will start to show profit and Zuck can begin selling shares at the end of the 3 rd Q. Zuck and friends will run the stock up prior to their ability to sell and before the next quarter. My only concern is how low we go after 2Q earnings.......I'm thinking we stay above 20-22 range until 3Q earnings. The fed won't slow QE because unemployment will remain low into the 3rd Q. Soooo, we'll see. If it closes above 25.50 next week, I still make about 3k. Win win.
    Good luck

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