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

 

We have become negative net delta:

 

BTC 2 MSFT 17Apr20 157.5 calls (MSFT200417C157.5)
STC 2 MSFT 01May20 157.5 calls (MSFT200501C157.5) for a credit of $2.10 (selling a calendar)

 

BTC 3 MSFT 17Apr20 157.5 calls (MSFT200417C157.5)

STO 3 MSFT 17Apr20 172.5 calls (MSFT200417C172.5)
BTO 3 MSFT 01May20 172.5 calls (MSFT200501C172.5)
STC 3 MSFT 01May20 157.5 calls (MSFT200501C157.5) for a debit of $.74 (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