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

We have become negative net delta:

BTC 4 FB 01Jun18 187.5 calls (FB180601C187.5)
STO 4 FB 08Jun18 192.5 calls (FB180608C192.5) for a debit of $1.39 (selling a diagonal)

BTO 2 FB 29Jun18 192.5 calls (FB180629C192.5)
STC 2 FB 29Jun18 187.5 calls (FB180629C187.5) for a credit of $2.57 (selling a vertical)

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

Happy trading.

Terry