March 16, 2017  Trade Alert - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 2 FB 17Mar17 138 calls (FB170317C138)

STO 2 FB 24Mar17 140 calls (FB170324C140) for a debit of $.91  (selling a diagonal)

BTC 3 FB 17Mar17 139 calls (FB170317C139)

STO 3 FB 24Mar17 141 calls (FB170324C141) for a debit of $.48  (selling a diagonal)

BTO 2 FB 16Jun17 140 calls (FB170616C140)

STC 2 FB 16Jun17 135 calls (FB170616C135) for a credit of $2.90  (selling a vertical)

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

Happy trading.

 

Terry