December 7, 2017  Trade Alert #3 - Wiley Wolf  Portfolio

We have become negative net delta once again:

BTC 2 FB 08Dec17 177.5 calls (FB171208C177.5)

STO 2 FB 15Dec17 180 calls (FB171215C180) for a debit of $.33  (selling a diagonal)

BTO 2 FB 16Feb18 180 calls (FB180216C180)

STC 2 FB 19Jan18 175 calls (FB180119C175) for a debit of $.28  (buying a diagonal)

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

Happy trading.

 

Terry