May 10, 2018 Terry’s Tips Trade Alert #2 - Wiley Wolf  Portfolio

We have become negative net delta once again:

BTC 2 FB 11May18 182.5 calls (FB180511C182.5)
STO 2 FB 18May18 187.5 calls (FB180518C187.5) for a debit of $1.18 (selling a diagonal)

BTC 2 FB 11May18 182.5 calls (FB180511C182.5)
STO 2 FB 11May18 185 calls (FB180511C185) for a debit of $1.50 (buying a vertical)

BTO 2 FB 22Jun18 187.5 calls (FB180622C187.5)
STC 2 FB 22Jun18 182.5 calls (FB180622C182.5) for a credit of $2.55 (selling a vertical)

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

Happy trading.

Terry