November 21, 2017   Terry’s Tips Trade Alert – Wiley Wolf

 

We have become negative net delta:

 

BTC 2 FB 01Dec17 177.5 calls (FB171201C177.5)

STO 2 FB 01Dec17 182.5 calls (FB171201C182.5) for a debit of $3.33 (buying a vertical)

 

BTO 2 FB 16Feb18 185 calls (FB180216C185)

STC 2 FB 16Feb18 175 calls (FB180216C175) for a credit of $5.47 (selling a vertical)

 

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

 

Happy Trading,

 

Terry