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

We are dangerously close to becoming negative net delta:

BTC 1 FB 22Jun18 197.5 call (FB180622C197.5)

STC 1 FB 29Jun18 197.5 call (FB180629C197.5) for a credit of $1.03 (selling a calendar) 

BTC 3 FB 22Jun18 197.5 calls (FB180622C197.5)

STO 3 FB 29Jun18 202.5 calls (FB180629C202.5) for a debit of $1.99 (selling a diagonal) 

BTO 1 FB 27Jul18 202.5 call (FB180727C202.5)

STC 1 FB 06Jul18 195 call (FB180706C195) for a credit of $1.22 (buying a diagonal) 

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

Happy trading.

Terry