February 1, 2018 Trade Alert #2 -  Wiley Wolf Portfolio

 

We have become negative net delta once again:

 

BTC 7 FB 02Feb18 190 calls (FB180202C190)

STO 7 FB 09Feb18 195 calls (FB180209C195) for a debit of $2.24 (selling a diagonal)

 

BTO 1 FB 02Mar18 195 call (FB180302C195)

STC 1 FB 02Mar18 187.5 call (FB180302C187.5) for a credit of $4.68 (selling a vertical)

 

BTO 3 FB 16Mar18 195 calls (FB180316C195)

STC 3 FB 16Mar18 190 calls (FB180316C190) for a credit of $2.87 (selling a vertical)

 

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

 

Happy trading.

 

Terry