May 24, 2017  Trade Alert - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 4 FB 26May17 147 calls (FB170526C147)

STO 4 FB 02Jun17 150 calls (FB170602C150) for a debit of $1.62  (selling a diagonal)

BTO 2 FB 18Aug17 150 calls (FB170818C150)

STC 2 FB 18Aug17 145 calls (FB170818C145) for a credit of $2.85  (selling a vertical)

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

Happy trading.

 

Terry