April 13, 2020  Terry’s Tips Trade Alert  –  Honey Badger  Portfolio

 

We will extend the lifespan of 10 of our spreads and retain some cash to add a new spread when we get a better idea of which way the stock is headed:

 

BTO 5 MSFT 01May20 157.5 calls (MSFT200501C157.5)
STC 5 MSFT 24Apr20 157.5 calls (MSFT200424C157.5) for a debit of $1.88  (buying a calendar)   

 

BTO 5 MSFT 01May20 160 calls (MSFT200501C160)
STC 5 MSFT 24Apr20 160 calls (MSFT200424C160) for a debit of $1.98  (buying a calendar)   

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry