June 20, 2018 Terry’s Tips Trade #3 – Wiley Wolf  Portfolio

We have become negative net delta once again:

BTC 4 FB 22Jun18 200 calls (FB180622C200)
STO 4 FB 29Jun18 205 calls (FB180629C205) for a debit of $1.12 (buying a vertical) 

BTO 1 FB 27Jul18 205 call (FB180727C205)
STC 1 FB 27Jul18 197.5 call (FB180727C197.5) for a credit of $4.01 (selling a vertical)

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

Happy trading.

Terry