May 9, 2018 Terry’s Tips Trade Alert - Wiley Wolf  Portfolio

We have become negative net delta:

BTC 3 FB 11May18 177.5 calls (FB180511C177.5)
STO 3 FB 18May18 182.5 calls (FB180518C182.5) for a debit of $2.69 (selling a diagonal)

BTO 2 FB 08Jun18 182.5 calls (FB180608C182.5)
STC 2 FB 08Jun18 177.5 calls (FB180608C177.5) for a credit of $3.06 (selling a vertical)

BTO 1 FB 22Jun18 182.5 calls (FB180622C182.5)
STC 1 FB 22Jun18 177.5 calls (FB180622C177.5) for a credit of $2.97 (selling a vertical)

BTC 2 FB 11May18 180 calls (FB180511C180)
STO 2 FB 11May18 182.5 calls (FB180511C182.5) for a debit of $1.47 (buying a vertical)

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

Happy trading.

Terry