May 4, 2017  Trade Alert #2 - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 3 FB 05May17 148 calls (FB170505C148)

STO 3 FB 12May17 152.5 calls (FB170512C152.5) for a debit of $2.15  (selling a diagonal)

BTO 2 FB 21Jul17 150 calls (FB170721C150)
STC 2 FB 16Jun17 140 calls (FB170616C140) for a credit of $6.05  (buying a diagonal)

BTO 3 FB 21Jul17 150 calls (FB170721C150)
STC 3 FB 16Jun17 150 calls (FB170616C150) for a debit of $1.52 (buying a calendar) 

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

Happy trading.

 

Terry