July 28, 2017  Trade Alert #2 - Wiley Wolf  Portfolio

We are negative net delta:

BTC 4 FB 04Aug17 167.5 calls (FB170804C167.5)

STO 4 FB 04Aug17 175 calls (FB170804C175) for a debit of $4.55  (buying a vertical)

BTO 2 FB 20Oct17 175 calls (FB171020C175)

STC 2 FB 20Oct17 165 calls (FB171020C165) for a credit of $5.70  (selling a vertical)

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

Happy trading.

 

Terry