October 9, 2017  Trade Alert - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 5 FB 13Oct17 170 calls (FB171013C170)

STO 5 FB 20Oct17 175 calls (FB171020C175) for a debit of $1.79  (selling a diagonal)

BTO 2 FB 15Dec17 175 calls (FB171215C175)

STC 2 FB 17Nov17 170 calls (FB171117C170) for a credit of $1.08  (buying a diagonal)

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

Happy trading.

 

Terry