January 23, 2018 Trade Alert -  Wiley Wolf  Portfolio

We have become negative net delta:

BTC 2 FB 26Jan18 182.5 calls (FB180126C182.5)
STO 2 FB 02Feb18 190 calls (FB180202C190) for a debit of $.40 (selling a diagonal)

BTO 1 FB 16Mar18 190 call (FB180316C190)
STC 1 FB 16Feb18 180 call (FB180216C180) for a credit of $3.70 (buying a diagonal)

BTO 1 FB 16Mar18 190 call (FB180316C190)
STO 1 FB 02Feb18 190 call (FB180202C190) for a debit of $2.55 (buying a calendar)

BTO 1 FB 16Mar18 190 call (FB180316C190)
STC 1 FB 23Feb18 185 call (FB180223C185) for a credit of $1.25 (buying a diagonal)

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

Happy trading.

 

Terry