Flash Sell: Shares Slump After Headlines – Time to Exit

October 22, 2019

Shares of Facebook, Inc. (NASDAQ: FB) are under pressure after several state attorneys general investigating Facebook on antitrust grounds have grown to 47.

This sell-side news has put our Facebook, Inc. (NASDAQ: FB) November 1, 2019, $195 calls under water, and since we don’t have much time, It's time to cut bait and move onto the next trade.

Here’s what to do…

Action to Take:

  • In your brokerage account, locate the FB November 1, 2019, $195 calls:
  • Locate the options in your portfolio with the ticker: FB.
  • The symbol is FB191101C00195000.
  • Select how many contracts you want to sell.
  • Once you have the right contract, click “sell to close.”
  • Choose “market.”
  • Then click "sell" to transmit the order.
  • You can also call your broker and say, "I want to sell to close FB November 1, 2019, $195 calls at market."

Losing can be frustrating, especially in markets such as this.

However, let’s continue to follow the system and get them on the next one.

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Joshua M. Belanger
Joshua Belanger is founder of CounterVest and the editor of Hot Money Trader. He has been providing ordinary investors blockbuster returns since 2008. In 2018, the average return of Hot Money Trader beat the markets by over 15%
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