May 22, 2017  Trade Alert - Wiley Wolf  Portfolio

We are a bit too long and the stock is underperforming the market, at least today:

BTC 4 FB 26May17 152.5 calls (FB170526C152.5)

STO 4 FB 26May17 147 calls (FB170526C147) for a credit of $1.52  (selling a vertical)

BTO 2 FB 18Aug17 145 calls (FB170818C145)

STC 2 FB 21Jul17 150 calls (FB170721C150) for a debit of $4.85  (buying a diagonal)

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

Happy trading.

 

Terry