January 26, 2017   Trade Alert  - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 1 FB 27Jan17 130 call (FB170127C130)

STO 1 FB 03Feb17 133 call (FB170203C133) for a credit of $.88  (selling a diagonal)

BTO 1 FB 16Jun17 135 call (FB170616C135)

STC 1 FB 17Mar17 130 call (FB170317C130) for a debit of $.73  (buying a diagonal)

BTO 1 FB 16Jun17 135 call (FB170616C135)

STO 1 FB 03Feb17 135 call (FB170203C135) for a debit of $4.68 (buying a calendar)

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

Happy trading.

 

Terry