May 11, 2018 Terry’s Tips Trade Alert #2 - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 1 FB 18May18 182.5 call (FB180518C182.5)
STC 1 FB 08Jun18 182.5 call (FB180608C182.5) for a credit of $1.84 (selling a calendar) 

BTC 4 FB 18May18 185 calls (FB180518C185)
STO 4 FB 18May18 190 calls (FB180518C190) for a debit of $2.29 (buying a vertical)

BTO 1 FB 01Jun18 190 call (FB180601C190)
STC 1 FB 01Jun18 182.5 call (FB180601C182.5) for a credit of $4.11 (selling a vertical)

BTO 1 FB 22Jun18 190 call (FB180622C190)
STC 1 FB 22Jun18 182.5 call (FB180622C182.5) for a credit of $4.09  (selling a vertical)

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

Happy trading.

Terry