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

 

We will roll over the 160 calls a day early and replace them with some at a lower strike to get more delta neutral:

 

BTC 10 MSFT 03Apr20 160 calls (MSFT200403C160)
STO 10 MSFT 09Apr20 160 calls (MSFT200409C160) for a credit of $1.52 (selling a calendar)

Note: 5 of the sales are STC

BTO 2 MSFT 24Apr20 150 puts (MSFT200424P150)
STO 2 MSFT 03Apr20 150 puts (MSFT200403P150) for a debit of $6.00  (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