Subject: October 20, 2017 Trade Alert #5 - Wiley Wolf Portfolio – limit order change

October 20, 2017  Trade Alert #5 - Wiley Wolf  Portfolio – limit order change 

We will lower the limit on the calendar roll once again:

BTC 7 FB 20Oct17 175 calls (FB171020C175)

STO 7 FB 27Oct17 175 calls (FB171027C175) for a credit limit of $1.61 (selling a calendar) 

If that executes:

BTO 7 FB 19Jan18 175 calls (FB180119C175)
STC 7 FB 15Dec17 175 calls (FB171215C175) for a debit limit of $1.78 (buying a calendar)

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

Happy trading.

 

Terry

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