February 22, 2017  Trade Alert - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 3 FB 24Feb17 133 calls (FB170224C133)

STO 3 FB 03Mar17 137 calls (FB170303C137) for a debit of $1.98  (selling a diagonal)

BTO 1 FB 16Jun17 135 call (FB170616C135)

STC 1 FB 16Jun17 130 call (FB170616C130) for a credit of $2.93  (selling a diagonal)

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

Happy trading.

 

Terry