June 18, 2018 Terry’s Tips Trade - Wiley Wolf  Portfolio

We are in danger of becoming negative net delta:

BTC 5 FB 22Jun18 197.5 calls (FB180622C197.5)
STO 5 FB 22Jun18 200 calls (FB180622C200) for a debit of $1.18 (buying a vertical)

BTO 2 FB 20Jul18 200 calls (FB180720C200)
STC 2 FB 20Jul18 195 calls (FB180720C195) for a credit of $2.75 (selling a vertical)

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

Happy trading.

Terry