February 7, 2018 Trade Alert #2 -  Wiley Wolf  Portfolio 

We are too long. These trades will increase theta and also allow us to continue to be solidly long net delta:

BTO 3 FB 16Mar18 180 calls (FB180316C180)
STC 3 FB 16Mar18 190 calls (FB180316C190) for a debit of $4.98 (buying a vertical)

BTC 1 FB 09Feb18 190 call (FB180209C190)
STC 1 FB 16Mar18 190 call1 (FB180316C190) for a credit of $3.63 (selling a calendar)

BTC 3 FB 09Feb18 190 calls (FB180209C190)
STO 3 FB 16Feb18 182.5 calls (FB180216C182.5) for a credit of $3.65 (selling a diagonal)

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

Happy trading.

 

Terry