August 31, 2017  Trade Alert - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 8 FB 01Sep17 167.5 calls (FB170901C167.5)

STO 8 FB 08Sep17 172.5 calls (FB170908C172.5) for a debit of $2.80  (selling a diagonal)

BTO 4 FB 20Oct17 175 calls (FB171020C175)

STC 4 FB 20Oct17 165 calls (FB171020C165) for a credit of $5.70  (selling a vertical)

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

Happy trading.

 

Terry