June 14, 2018  Terry’s Tips Trade Alert #2 – Wiley Wolf  Portfolio

We have become negative net delta once again: 

BTC 1 FB 22Jun18 192.5 call (FB180622C192.5)

STO 1 FB 22Jun18 200 call (FB180622C200) for a debit of $4.08  (buying a vertical) 

BTO 2 FB 27Jul18 200 calls (FB180727C200)
STC 2 FB 29Jun18 192.5 calls (FB180629C192.5) for a debit of $.15  (buying a diagonal) 

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

 

Happy trading.

Terry