May 16, 2018 Terry’s Tips Trade Alert Wiley Wolf  Portfolio

We have become a bit too long with the stock drop:

BTC 4 FB 18May18 190 calls (FB180518C190)
STO 4 FB 25May18 185 calls (FB180525C185) for a credit of $1.53 (selling a diagonal) 

BTO 3 FB 22Jun18 185 calls (FB180622C185)
STC 3 FB 22Jun18 190 calls (FB180622C190) for a debit of $1.94 (buying a vertical)

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

Happy trading.

Terry