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Mike Khouw Manages His Open Facebook Trade

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On CNBC's "Options Action", Mike Khouw explained to the viewers how to manage a Facebook, Inc. (NASDAQ: FB) trade he suggested on July 19.

He recommended that traders should sell the Aug. 205 call and buy the Jan. 205 call for a total cost of $9.70. He explained that the trade was up slightly, even though the stock was trading lower. When the August call expires, he is planning to sell another call and lower the cost and the breakeven of the trade.

Facebook's stock traded around $196.51 per share Monday morning.

Related Links:

Facebook Reports Big Q2 Earnings Beat, DAUs Up To 1.59B

Did Facebook's Q2 Earn A Thumbs Up From Analysts?

Posted-In: CNBC Mike Khouw Options ActionOptions Markets Media Trading Ideas

 

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