June 20, 2018 Terry’s Tips Trade #2 – Wiley Wolf  Portfolio

We have become negative net delta:

BTC 4 FB 22Jun18 200 calls (FB180622C200)
STO 4 FB 22Jun18 202.5 calls (FB180622C202.5) for a debit of $1.47 (buying a vertical) 

BTO 3 FB 27Jul18 202.5 calls (FB180727C202.5)
STC 3 FB 27Jul18 197.5 calls (FB180727C197.5) for a credit of $2.80 (selling a vertical)

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

Happy trading.

Terry