January 2, 2018 Trade Alert #2 - Wiley Wolf Portfolio

We have become negative net delta:

BTC 1 FB 05Jan18 177.5 call (FB180105C177.5)
STO 1 FB 12Jan18 182.5 call (FB180112C182.5) for a debit of $ 2.45 (buying a diagonal)

BTC 3 FB 05Jan18 180 call (FB180105C180)
STO 3 FB 12Jan18 182.5 call (FB180112C182.5) for a debit of $.40 (buying a diagonal)

BTO 1 FB 16Feb18 185 call (FB180216C185)
STC 1 FB 16Feb18 175 call (FB180216C175) for a credit of $5.50 (selling a vertical)

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

Happy trading.

 

Terry