Market Overview

Mike Khouw Manages His Open Facebook Trade


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


Related Articles (FB)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Cannabis Countdown: Top 10 Marijuana Stock News Stories Of The Week, July 29

Leading Edge Pharms Appoints Detroit Piston Legend John Salley As EVP Of Marketing