January 24, 2017  Trade Alert - Wiley Wolf  Portfolio

We are in danger of becoming negative net delta and can add on two new spreads in advance of the 2/1/17 earnings announcement:

BTC 1 FB 27Jan17 127 call (FB170127C127)

STO 1 FB 03Feb17 130 call (FB170203C130) for a credit of $.57  (selling a diagonal)

BTO 1 FB 16Jun17 130 call (FB170616C130)

STC 1 FB 16Jun17 125 call (FB170616C125) for a credit of $2.74  (selling a vertical)

BTO 2 FB 21Apr17 130 calls (FB170417C130)
STO 2 FB 03Feb17 130 calls (FB170203C130) for a debit of $2.43 (buying a calendar)

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

Happy trading.

 

Terry