June 26, 2017  Trade Alert #2 - Wiley Wolf  Portfolio

We have an uncovered long call and we can use the cash to roll out our remaining long July calls:

STO 1 FB 7Jul17 155 call (FB170707C155) for $2.13 

BTO 2 FB 15Sep17 160 calls (FB170915C160)

STC 2 FB 21Jul17 160 calls (FB170721C160) for a debit of $3.50 (buying a calendar)

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

Happy trading.

 

Terry