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

We have become negative net delta: 

BTC 3 FB 15Jun18 190 calls (FB180615C190)

STO 3 FB 22Jun18 197.5 calls (FB180622C197.5) for a debit of $4.78  (selling a diagonal) 

BTC 4 FB 15Jun18 192.5 calls (FB180615C192.5)

STO 4 FB 22Jun18 197.5 calls (FB180622C197.5) for a debit of $2.37  (selling a diagonal) 

BTO 2 FB 29Jun18 197.5 calls (FB180629C197.5)

STC 2 FB 29Jun18 190 calls (FB180629C190) for a credit of $5.09  (selling a vertical) 

BTO 3 FB 20Jul18 200 calls (FB180720C200)

STC 3 FB 20Jul18 190 calls (FB180720C190) for a credit of $5.90  (selling a vertical) 

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

 

Happy trading.

Terry