June 5, 2017  Trade Alert - Wiley Wolf  Portfolio

We are in danger of becoming negative net delta:

BTC 5 FB 09Jun17 152.5 calls (FB170609C152.5)

STO 5 FB 09Jun17 155 calls (FB170609C155) for a debit of $1.44  (buying a vertical)

BTO 2 FB 21Jul17 155 calls (FB170721C155)
STC 2 FB 21Jul17 150 calls (FB170721C150) for a credit of $2.93  (selling a vertical)

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

Happy trading.

 

Terry