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

We have become seriously negative net delta:

BTC 2 FB 27Apr18 160 calls (FB180427C160)
STO 2 FB 04May18 172.5 calls (FB180504C172.5) for a debit of $10.14 (selling a diagonal)

BTC 2 FB 27Apr18 162.5 calls (FB180427C162.5)
STO 2 FB 04May18 172.5 calls (FB180504C172.5) for a debit of $7.53 (selling a diagonal)

BTO 2 FB 25May18 172.5 calls (FB180525C172.5)
STC 2 FB 25May18 160 calls (FB180525C160) for a credit of $9.19 (selling a vertical)

BTO 2 FB 25May18 172.5 calls (FB180525C172.5)
STC 2 FB 25May18 165 calls (FB180525C165) for a credit of $5.10 (selling a vertical)

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

Happy trading.

Terry