October 20, 2017  Trade Alert - Wiley Wolf  Portfolio

These trades will get us set up for next week.  There is still significant premium remaining in the 175 short calls so we will hold off until later today to buy them back.  It is interesting to see that we can sell 175 calls with one week of remaining life for less money than it costs us to expand our December long 175 calls by a full month, out to January:

BTC 5 FB 20Oct17 177.5 calls (FB171020C177.5) for $.02 (no commission)

STO 5 FB 27Oct17 175 calls (FB171027C175) for $1.96

BTO 5 FB 19Jan18 175 calls (FB180119C175)

STC 5 FB 15Dec17 175 calls (FB171215C175) for a debit of $1.75 (buying a calendar)

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

Happy trading.

Terry