Friday, November 1, 2013

FB risk is primarily to the downside

FB still has plenty of downside risk and as long as it stays below the most recent swing high, I think it is a great short. The 55-60 Bear Call Spread is a great way to play it and that's what I did by selling the Dec spread for a $.90 credit. Shorting the stock outright is something I'm looking at doing also if it trades higher in the coming days.

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