July 27, 2017  Trade Alert - Wiley Wolf  Portfolio

The stock has fallen back a bit from its huge surge and we will get out of our lowest-strike short calls:

BTC 1FB 28Jul17 160 call (FB170728C160)

STC 1 FB 18Aug17 160 call (FB170818C160) for a credit of $.75 (selling a calendar)

BTC 4 FB 28Jul17 160 calls (FB170728C160)

STO 4 FB 04Aug17 167.5 calls (FB170804C167.5) for a debit of $6.32  (selling a diagonal)

BTO 5 FB 15Sep17 170 calls (FB170915C170)

STC 5 FB 15Sep17 160 calls (FB170915C160) for a credit of $6.85  (selling a vertical)

BTC 2 FB 28Jul17 162.5 calls (FB170728C162.5)

STO 2 FB 04Aug17 170 calls (FB170804C170) for a debit of $5.45  (selling a diagonal)

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

Happy trading.

Terry