September 27, 2018 Terry’s Tips Trade Alert – Wiley Wolf 

We have become negative net delta:* 

BTC 2 FB 28Sep18 167.5 calls (FB180928C167.5)

BTC 2 FB 5Oct18 175 calls (FB181005C175) for a debit of $1.85 (selling a diagonal) 

 

BTC 2 FB 5Oct18 167.5 calls (FB181005C167.5)

STO 2 FB 5Oct18 170 calls (FB181005C170) for a debit of $1.48  (buying a vertical)

 

BTO 2 FB 12Oct18 175 calls (FB181012C175)

STC 2 FB 12Oct18 165 calls (FB181012C165) for a credit of $5.01 (selling a vertical) 

 

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

Happy trading.

Terry