April 26, 2018 Terry’s Tips Trade Alert #4 - Wiley Wolf  Portfolio

We might as well roll over to next week and change our net delta from a negative to a positive:

BTC 2 FB 27Apr18 167.5 calls (FB180427C167.5)

STO 2 FB 04May18 177.5 calls (FB180504C177.5) for a debit of $5.30  (selling a diagonal) 

BTC 1 FB 27Apr18 167.5 call (FB180427C167.5)

STO 1 FB 11May18 180 call (FB180511C180) for a debit of $5.38  (selling a diagonal) 

BTO 2 FB 08Jun18 177.5 calls (FB180608C177.5)

STC 2 FB 01Jun18 167.5 calls (FB180601C167.5) for a credit of $5.35  (buying a diagonal) 

BTO 1 FB 15Jun18 180 call (FB180608C180)

STC 1 FB 25May18 165 call (FB180525C165) for a credit of $7.35  (buying a diagonal)

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

Happy trading.

Terry