April 11, 2018 Terry’s Tips Trade Alert #2  – Wiley Wolf Portfolio

We have become negative net delta once again:

BTC 1 FB 13Apr18 162.5 call (FB180413C162.5)
STO 1 FB 20Apr18 167.5 call (FB180420C167.5) for a debit of $1.71 (selling a diagonal)

BTC 1 FB 13Apr18 162.5 call (FB180413C162.5)
STO 1 FB 20Apr18 170 call (FB180420C170) for a debit of $2.73 (selling a diagonal)  

BTC 1 FB 20Apr18 160 call (FB180420C160)
STO 1 FB 20Apr18 170 call (FB180420C170) for a debit of $5.84 (buying a vertical) 

BTO 1 FB 25May18 170 call (FB180525C170)
STC 1 FB 25May18 160 call (FB180525C160) for a credit of $5.62 (selling a vertical)

BTO 1 FB 25May18 170 call (FB180525C170)
STC 1 FB 25May18 162.5 call (FB180525C162.5) for a credit of $4.02 (selling a vertical)

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

Happy trading.

Terry