in FB calendar but now up ~15% any adjustment suggestions?

Quote from optionatrix:

It looked nice in the early AM, but I didn't do anything. Not looking as great now. I'm just thinking to exit the trade sometime today and not to adjust the position at this point.
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optionatrix youre in the aug2 9th 37p calendar right? why did you say it was not looking as great now? l assume you use charts, to judge this, well on my charts it looked anything but dangerous. l also think its a high potential reward trade (several days later!) why exit so early? when the near term leg didnt look like it was going ITM direction?
 
Keep it simple, the trend is your friend.

I would forget all this calendar/adjustment nonsense and go with buying calls only. I recommend the FB $38.00 weekly calls at this time. :)
 
Quote from nixodian:

optionatrix youre in the aug2 9th 37p calendar right? why did you say it was not looking as great now? l assume you use charts, to judge this, well on my charts it looked anything but dangerous. l also think its a high potential reward trade (several days later!) why exit so early? when the near term leg didnt look like it was going ITM direction?
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Yes, 8/9 8/2 37P long calendar.

The calendar position was a range play for a short-term pause. If I left my long position on, it would be a straight out bearish call, which I don't want right now.
 
Quote from FXforex:
08-02-13 08:47 PM

Keep it simple, the trend is your friend.

I would forget all this calendar/adjustment nonsense and go with buying calls only. I recommend the FB $38.00 weekly calls at this time. :)
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:)

Screenshot-1.png
 
Oh, I see the time's up. Maybe next time you could due a skewed diagonal instead. Have some more leeway bias to one side.

Example of a FB diagonal using "OnDemand" thinkback on TOS.
 

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