July 12, 2018 Terry’s Tips Trade #2  – Wiley Wolf Portfolio

We are almost negative net delta:

BTC 2 FB 13Jul18 202.5 calls (FB180713C202.5)

STO 2 FB 20Jul18 207.5 calls (FB180720C207.5) for a debit of $1.78 (selling a diagonal) 

 

BTC 1 FB 13Jul18 202.5 call (FB180713C202.5)

STC 1 FB 20Jul18 202.5 call (FB180720C202.5) for a credit of $1.18 (selling a calendar) 

 

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

 

Happy trading.

Terry