July 19, 2017  Trade Alert - Wiley Wolf  Portfolio

We have become negative net delta:

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

STO 5 FB 28Jul17 162.5 calls (FB170728C162.5) for a debit of $1.87  (selling a diagonal)

BTC 3 FB 21Jul17 160 calls (FB170721C160)

STO 3 FB 28Jul17 165 calls (FB170728C165) for a debit of $.70  (selling a diagonal)

BTO 3 FB 18Aug17 165 calls (FB170818C165)

STC 3 FB 18Aug17 155 calls (FB170818C155) for a credit of $6.28  (selling a vertical)

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

Happy trading.

 

Terry