April 14, 2020  Terry’s Tips Trade Alert #2  – Honey Badger  Portfolio

 

We have become negative net delta once again::

 

BTC 3 MSFT 17Apr20 160 calls (MSFT200417C160)
STC 3 MSFT 01May20 160 calls (MSFT200501C160) for a credit of $1.92 (selling a calendar)

 

BTC 2 MSFT 17Apr20 160 calls (MSFT200417C160)

STO 2 MSFT 17Apr20 175 calls (MSFT200417C175)
BTO 2 MSFT 01May20 175 calls (MSFT200501C175)
STC 2 MSFT 01May20 160 calls (MSFT200501C160) for a debit of $1.85 (selling a vertical)

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

Happy trading.

Terry