September 11, 2017  Trade Alert - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 6 FB 15Sep17 170 calls (FB170915C170)

STO 6 FB 22Sep17 175 calls (FB170922C175) for a debit of $2.51  (selling a diagonal)

BTO 3 FB 20Oct17 175 calls (FB171020C175)

STC 3 FB 20Oct17 170 calls (FB171020C170) for a debit of $2.83  (buying a vertical)

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

Happy trading.

 

Terry