November 1, 2017  Trade Alert - Wiley Wolf  Portfolio

We have almost become negative net delta:

BTC 8 FB 03Nov17 177.5 calls (FB171103C177.5)

STO 8 FB 03Nov17 185 calls (FB171103C185) for a debit of $3.85  (buying a vertical)

BTO 6 FB 19Jan18 185 calls (FB180119C185)

STC 6 FB 19Jan18 175 calls (FB180119C175) for a credit of $5.50  (selling a vertical)

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

Happy trading.

 

Terry