April 15, 2020  Terry’s Tips Trade Alert   –  Honey Badger  Portfolio

 

This small trade will flatten out the risk profile graph (i.e., make us more neutral net delta) and increase theta:

 

BTC 2 MSFT 17Apr20 165 calls (MSFT200417C165)

STO 2 MSFT 17Apr20 172.5 calls (MSFT200417C172.5)

BTO 2 MSFT 01May20 172.5 calls (MSFT200501C172.5)
STC 2 MSFT 01May20 165 calls (MSFT200501C165) for a debit of $,57 selling a vertical roll)

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

Happy trading.

Terry