March 29, 2017  Trade Alert - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 2 FB 31Mar17 139 calls (FB170331C139)

STO 2 FB 07Apr17 143 calls (FB170407C143) for a debit of $2.25  (selling a diagonal)

BTC 2 FB 31Mar17 140 calls (FB170331C140)

STO 2 FB 07Apr17 143 calls (FB170407C143) for a debit of $1.31  (selling a diagonal)

BTO 1 FB 16Jun17 145 call (FB170616C145)

STC 1 FB 16Jun17 135 call (FB170616C135) for a credit of $5.88  (selling a vertical)

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

Happy trading.

 

Terry