April 25, 2018 Terry’s Tips Trade Alert – Wiley Wolf  Portfolio

We need to get some short calls at lower strikes and get a little less long:

BTC 2 FB 27Apr18 175 calls (FB180427C175)

STC 2 FB 01Jun18 175 calls (FB180601C175) for a credit of $1.32 (selling a calendar) 

BTC 2 FB 27Apr18 172.5 calls (FB180427C172.5)

STO 2 FB 27Apr18 162.5 calls (FB180427C162.5) for a credit of $2.68  (selling a vertical) 

BTC 2 FB 27Apr18 170 calls (FB180427C170)

STO 2 FB 27Apr18 160 calls (FB180427C160) for a credit of $3.49  (selling a vertical) 

 

BTO 2 FB 25May18 160 calls (FB180525C160)

STC 2 FB 25May18 170 calls (FB180525C170) for a debit of $4.10  (buying a vertical) 

BTO 1 FB 01Jun18 162.5 call (FB180601C162.5)

STC 1 FB 01Jun18 167.5 call (FB180601C167.5) for a debit of $2.08  (buying a vertical) 

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

Happy trading.

Terry