FB is long from $49.92. As of this writing the stock is at $62.59. 25% of the core position size is being held.
Based on our models, the probability of a big move up is 40% and the probability of a big move down is 25%. There is a 35% probability of a small move.
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FB reports earnings tomorrow, April 23rd, after the close. Earnings pose a considerable risk both on the upside and the downside. The stock can easily move up to $80 or fall to mid $40s.
Based on our models, the probability of a big move up is 40% and the probability of a big move down is 25%. There is a 35% probability of a small move.
How much to hold going into earnings is a matter of preference. Subscribers may use 25% of full core position size as a guide.
The tentative plan is to add to the position if the stock moves down into the $40s.
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