$FB has supposedly exposed some records. If history repeats itself we can bet on panic buying to set in and history does repeat itself. $FB opened flat and then took off premarket and didn’t look back.
To take advantage of the situation we’re going to sell a put vertical. We were only able to get filled near the close of market due to the up move but we’re in.
SELL -1 VERTICAL FB 100 17 MAY 19 165/160 PUT @1.14 LMT
We have a GTC in for 25% and plan to be out before expiration.
No time to #BTFD so just #BTFS