December 8, 2017   Trade Alert - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 2 FB 15Dec17 177.5 calls (FB171215C177.5)

STO 2 FB 15Dec17 182.5 calls (FB171215C182.5) for a debit of $3.25  (buying a vertical)

BTC 1 FB 15Dec17 180 call (FB171215C180)
STO 1 FB 15Dec17 182.5 call (FB171215C182.5) for a debit of $1.38  (buying a vertical)

BTC 1 FB 15Dec17 180 call (FB171215C180)

STO 1 FB 22Dec17 182.5 call (FB171222C182.5) for a debit of $.76  (selling a diagonal)

BTO 1 FB 16Feb18 185 call (FB180216C185)
STC 1 FB 16Feb18 175 call (FB180216C175) for a credit of $5.55  (selling a vertical)

BTO 1 FB 16Feb18 185 call (FB180216C185)
STC 1 FB 16Feb18 180 call (FB180216C180) for a credit of $2.55  (selling a vertical)

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

Happy trading.

 

Terry