July 24, 2018 Terry’s Tips Trade –Wiley Wolf  Portfolio

With the stock up nearly $5 today, we should roll some short calls to higher strikes:

BTC 6 FB 27Jul18 210 calls (FB180727C210)

STO 6 FB 27Jul18 220 calls (FB180727C220) for a debit of $5.28  (buying a vertical) 

BTO 5 FB 24Aug18 220 calls (FB180824C220)

STC 5 FB 24Aug18 207.5 calls (FB180824C207.5) for a credit of $6.87  (selling a vertical) 

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

Happy trading.

Terry