April 24, 2017  Trade Alert - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 3 FB 28Apr17 142 calls (FB170428C142)

STO 3 FB 05May17 146 calls (FB170505C146) for a debit of $.80  (selling a diagonal)

BTC 2 FB 28Apr17 143 calls (FB170428C143)

STO 2 FB 05May17 146 calls (FB170505C146) for a credit of $.06  (selling a diagonal)

BTC 3 FB 28Apr17 144 calls (FB170428C144)

STO 3 FB 05May17 147 calls (FB170505C147) for a credit of $.38  (selling a diagonal)

BTO 3 FB 16Jun17 145 calls (FB170616C145)

STC 3 FB 16Jun17 140 calls (FB170616C140) for a credit of $3.18  (selling a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

 

Terry