July 13, 2018 Terry’s Tips Trade #2 – Wiley Wolf  Portfolio

These trades will finish getting us set up for next week:

BTC 5 FB 13Jul18 207.5 calls (FB180713C207.5)
STO 5 FB 20Jul18 210 calls (FB180720C210) for a credit of $1.12 (selling a diagonal)

BTO 3 FB 31Aug18 207.5 calls (FB180831C207.5)
STC 3 FB 27Jul18 207.5 call (FB180727C207.5) for a debit of $2.67 (buying a calendar)

BTO 3 FB 31Aug18 215 calls (FB180831C215)
STO 3 FB 27Jul18 212.5 call (FB180727C212.5) for a debit of $1.63 (buying a calendar)

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

Happy trading.

Terry