November 28, 2017  Terry’s Tips Trade Alert – Wiley Wolf

We have become negative net delta:

BTC 3 FB 01Dec17 182.5 calls (FB171201C182.5)

STO 3 FB 01Dec17 185 calls (FB171201C185) for a debit of $1.20 (buying a vertical)

BTO 2 FB 19Jan18 185 calls (FB180119C185)

STC 2 FB 19Jan18 180 calls (FB180119C180) for a credit of $2.80 (selling a vertical)

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

Happy trading.

 

Terry