June 23, 2017  Trade Alert - Wiley Wolf  Portfolio

We need to get a bit longer:

BTC 4 FB 30Jun17 152.5 calls (FB170630C152.5)

STO 4 FB 7Jul17 157.5 calls (FB170707C157.5) for a debit of $2.03  (selling a diagonal)

BTO 2 FB 18Aug17 160 calls (FB170818C160)

STC 2 FB 18Aug17 150 calls (FB170818C150) for a credit of $5.05  (selling a vertical)

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

Happy trading.

 

Terry