May 5, 2017  Trade Alert - Wiley Wolf  Portfolio

These trades will get us back to being positive net delta and start getting us set up for next week:

BTC 5 FB 05May17 149 calls (FB170505C149)

STO 5 FB 19May17 152.5 calls (FB170519C152.5) for a debit of $1.00 (selling a diagonal)

BTO 3 FB 21Jul17 150 calls (FB170721C150)

STC 3 FB 16Jun17 145 calls (FB170616C145) for a credit of $1.98  (buying a diagonal)

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

Happy trading.

 

Terry