May 7, 2018 Terry’s Tips Trade Alert - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 3 FB 11May18 175 calls (FB180511C175)
STO 3 FB 11May18 180 calls (FB180511C180) for a debit of $3.29 (buying a vertical)

BTO 1 FB 01Jun18 180 call (FB180601C180)
STC 1 FB 01Jun18 175 call (FB180601C175) for a debit of $3.02 (buying a vertical)

BTO 2 FB 22Jun18 180 calls (FB180622C180)
STC 2 FB 22Jun18 175 calls (FB180622C175) for a debit of $2.92 (buying a vertical)

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

Happy trading.

Terry