May 31, 2018   Terry’s Tips Trade Alert #2 Wiley Wolf  Portfolio

We have become negative net delta once again: 

BTC 3 FB 08Jun18 187.5 calls (FB180608C187.5)

STO 3 FB 08Jun18 195 calls (FB180608C195) for a debit of $4.30  (buying a vertical) 

BTO 2 FB 22Jun18 195 calls (FB180622C195)

STC 2 FB 22Jun18 185 calls (FB180622C185) for a credit of $6.15  (selling a vertical) 

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

Happy trading.

Terry