January 8, 2018 Trade Alert -  Wiley Wolf Portfolio

We have become negative net delta:

BTC 3 FB 12Jan18 185 calls (FB180112C185)

STO 3 FB 12Jan18 190 calls (FB180112C190) for a debit of $3.24  (buying a vertical)

BTO 1 FB 16Feb18 190 call (FB180216C190)

STC 1 FB 16Feb18 180 call (FB180216C180) for a credit of $6.10  (selling a vertical)

BTO 2 FB 16Feb18 190 calls (FB180216C190)

STC 2 FB 16Feb18 185 calls (FB180216C185) for a credit of $2.75  (selling a vertical)

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

Happy trading.

 

Terry