January 12, 2018 Trade Alert -  Wiley Wolf Portfolio

We have waited all day for the stock to recover a bit, but it has stayed down.  These trades will generate some theta but leave us comfortably long in hopes that next week will be better:

BTC 3 FB 12Jan18 190 calls (FB180112C190) for $.01 (no commission)

BTC 3 FB 12Jan18 187.5 calls (FB180112C187.5) for $.01 (no commission)

STO 2 FB 19Jan18 180 calls (FB180119C180) for $1.99

STO 2 FB 19Jan18 182.5 calls (FB180119C182.5) for $1.08

STO 2 FB 26Jan18 185 calls (FB180126C185) for $1.39

BTO 2 FB 16Feb18 180 calls (FB180216C180)

STC 2 FB 16Feb18 190 calls (FB180216C190) for a debit of $3.94  (buying a vertical)

BTO 1 FB 23Feb18 185 call (FB180223C185)

STC 1 FB 16Feb18 190 call (FB180216C190) for a debit of $2.06  (buying a diagonal)

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

Happy trading.

 

Terry