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

We have become negative net delta:

BTC 3 FB 11May18 180 calls (FB180511C180)
STO 3 FB 18May18 185 calls (FB180518C185) for a debit of $2.13 (selling a diagonal)

BTO 2 FB 25May18 185 calls (FB180525C185)
STC 2 FB 25May18 180 calls (FB180525C180) for a credit of $3.00 (selling a vertical)

BTO 2 FB 22Jun18 185 calls (FB180622C185)
STC 2 FB 22Jun18 180 calls (FB180622C180) for a credit of $2.89 (selling a vertical)

BTC 1 FB 18May18 180 call (FB180518C180)
STO 1 FB 18May18 185 call (FB180518C185) for a debit of $3.11 (buying a vertical)

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

Happy trading.

Terry