Call Spread on FB on 8/5/2014

Facebook (FB) operates as a social networking company worldwide.

It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. The company’s products include Facebook mobile app and Website that enable people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Messenger, a mobile-to-mobile messaging application available on iOS and Android phones; and Instagram, a mobile app and Website that enable people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends.

As of December 31, 2013, it had 1.23 billion monthly active users. The company reported great results last month. Since then share have formed a bullish "flag." Higher share prices are expected for this stock.

52-Week Trading Range: $36.02 - $76.74

Last Trade: $73.40

Trade Buy 1 September $72.00 Call at $3.65 Sell 1 September $76.00 Call at $1.50 For a net debit of $2.15 Profit/Loss Analysis Breakeven at $74.15 Maximum profit is $185.00 at strike of $76.00 Maximum loss is ($215.00) at strike of $72.00 Closing Summary Sold 1 September $72.00 Call at $4.50 Bought 1 September $76.00 Call at $1.00

Position closed on 9/2/2014 at price of $3.50 with a 62.79% gain in 28 days.

Updates

9/2/2014 2:06:29 PM

We are taking profits on FB September Call Spread. FB last traded at $76.10.

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