January 5, 2017  Trade Alert  -    Wiley Wolf  Portfolio

We have become negative net delta:

BTC 1 FB 06Jan17 119 call (FB170106C119)

STO 1 FB 13Jan17 121 call (FB170113C121) for a debit of $.43  (selling a diagonal)

BTC 1 FB 06Jan17 119 call (FB170106C119)

STO 1 FB 13Jan17 122 call (FB170113C122) for a debit of $.81  (selling a diagonal)

BTO 1 FB 17Feb17 125 call (FB170217C125)

STC 1 FB 17Feb17 120 call (FB170217C120) for a credit of $2.25  (selling a vertical)

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

Happy trading.

 

Terry