July 13, 2017  Trade Alert - Wiley Wolf  Portfolio

Earnings will be announced on July 26 and we are slightly negative net delta.  This is not where we want to be since the stock usually shows strength going into earnings:

BTC 4 FB 21Jul17 157.5 calls (FB170721C157.5)

STO 4 FB 28Jul17 160 calls (FB170728C160) for a credit of $.80  (selling a diagonal)

BTC 4 FB 21Jul17 157.5 calls (FB170721C157.5)

STO 4 FB 28Jul17 162.5 calls (FB170728C162.5) for a debit of $.28  (selling a diagonal)

BTC 2 FB 21Jul17 157.5 calls (FB170721C157.5)

STO 2 FB 21Jul17 162.5 calls (FB170721C162.5) for a debit of $2.13  (buying a vertical)

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

Happy trading.

 

Terry