October 9, 2017  Trade Alert #3 - Wiley Wolf  Portfolio

We are close to becoming negative net delta:

BTC 4 FB 13Oct17 170 calls (FB171013C170)
STO 4 FB 20Oct17 175 calls (FB171020C175) for a debit of $2.15  (selling a diagonal)

BTO 3 FB 15Dec17 175 calls (FB171215C175)

STC 3 FB 15Dec17 170 calls (FB171215C170) for a credit of $2.75  (selling a vertical)

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

Happy trading.

 

Terry