October 30, 2017  Trade Alert - Wiley Wolf  Portfolio

We are barely positive net delta and should get a bit longer:

BTC 3 FB 03Nov17 172.5 calls (FB171103C172.5)

STO 3 FB 03Nov17 182.5 calls (FB171103C182.5) for a debit of $5.68  (buying a vertical)

BTO 2 FB 16Feb18 185 calls (FB180216C185)

STC 2 FB 16Feb18 170 calls (FB180216C170) for a credit of $8.15  (selling a vertical)

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

Happy trading.

 

Terry