July 18, 2018 Terry’s Tips Trade – Wiley Wolf  Portfolio

We have become negative net delta:

BTC 3 FB 20Jul18 207.5 calls (FB180720C207.5)
STO 3 FB 27Jul18 210 calls (FB180727C210) for a credit of $2.83 (selling a diagonal)

BTO 3 FB 31Aug18 210 calls (FB180831C210)
STO 3 FB 27Jul18 210 calls (FB180727C210) for a debit of $2.73 (buying a calendar)

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

Happy trading.

Terry