April 27, 2018 Terry’s Tips Trade Alert  - Wiley Wolf  Portfolio

We are in danger of becoming negative net delta:

BTC 3 FB 04May18 172.5 calls (FB180504C172.5)
STO 3 FB 04May18 180 calls (FB180504C180) for a debit of $3.48 (buying a vertical)

BTO 2 FB 25May18 180 call (FB180525C180)
STC 2 FB 25May18 172.5 call (FB180525C172.5) for a credit of $3.74 (selling a vertical)

BTO 1 FB 01Jun18 165 calls (FB180601C165)
STC 1 FB 01Jun18 162.5 calls (FB180601C162.5) for a credit of $2.03 (selling a vertical)

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

Happy trading.

Terry