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

We have become negative net delta:

BTC 4 FB 13Jul18 202.5 calls (FB180713C202.5)
STO 4 FB 20Jul18 207.5 calls (FB180720C207.5) for a debit of $1.63 (selling a diagonal) 

BTO 2 FB 27Jul18 207.5 calls (FB180727C207.5)
STC 2 FB 27Jul18 200 calls (FB180727C200) for a credit of $4.23 (selling a vertical)

BTO 3 FB 24Aug18 207.5 calls (FB180824C207.5)
STC 3 FB 20Jul18 200 calls (FB180720C200) for a debit of $.94 (buying a diagonal)

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

Happy trading.

Terry