August 27, 2018 Terry’s Tips Trade #2 – Wiley Wolf  Portfolio

We have become negative net delta once again:

BTC 4 FB 31Aug18 175 calls (FB180831C175)
STO 4 FB 31Aug18 180 calls (FB180831C180) for a debit of $2.90 (buying a vertical)

BTO 3 FB 28Sep18 180 calls (FB180928C180)
STC 3 FB 28Sep18 172.5 calls (FB180928C172.5) for a credit of $4.39 (selling a vertical)

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

Happy trading.

Terry