February 1, 2018 Trade Alert-  Wiley Wolf Portfolio

 

We have become negative net delta:

 

BTC 3 FB 02Feb18 187.5 calls (FB180202C187.5)

STC 3 FB 02Mar18 187.5 calls (FB180302C187.5) for a credit of $2.50 (selling a calendar)

 

BTC 1 FB 02Feb18 187.5 call (FB180202C187.5)

STO 1 FB 09Feb18 195 call (FB180209C195) for a debit of $4,35 (selling a diagonal)

 

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

 

Happy trading.

 

Terry