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

We have become negative net delta:

BTC 1 FB 13Apr18 160 call (FB180413C160)
STO 1 FB 20Apr18 165 call (FB180420C165) for a debit of $2.16 (selling a diagonal)

BTO 1 FB 25May18 165 call (FB180525C165)
STC 1 FB 25May18 160 call (FB180525C160) for a credit of $2.91  (selling a vertical)

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

Happy trading.

Terry