January 3, 2018 Trade Alert - Wiley Wolf Portfolio

We are about to become negative net delta:

BTC 1 FB 12Jan18 180 call (FB180112C180)
STO 1 FB 12Jan18 185 call (FB180112C185) for a debit of $2.84 (buying a vertical)

BTC 2 FB 12Jan18 182.5 calls (FB180112C182.5)
STO 2 FB 12Jan18 185 calls (FB180112C185) for a debit of $1.17 (buying a vertical)

BTO 1 FB 16Feb18 185 call (FB180216C185)
STC 1 FB 16Feb18 175 call (FB180216C175) for a credit of $5.95 (selling a vertical)

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

Happy trading.

 

Terry