April 21, 2020  Terry’s Tips Trade Alert –  Honey Badger  Portfolio

 

We are uncomfortably long:

 

BTC 4 MSFT 24Apr20 182.5 calls (MSFT200424C182.5)

STO 4 MSFT 24Apr20 167.5 calls (MSFT200424C167.5)

BTO 4 MSFT 08May20 167.5 calls (MSFT200508C167.5)

STC 4 MSFT 08May20 182.5 calls (MSFT200508C182.5) for a debit of $2.15 (buying a vertical roll)

 

BTC 4 MSFT 24Apr20 180 calls (MSFT200424C180)

STC 4 MSFT 08May20 180 calls (MSFT200508C180) for a credit of $2.35 (selling a calendar)

 

BTO 3 MSFT 01May20 165 puts (MSFT200501P165)

STO 3 MSFT 24Apr20 165 puts (MSFT200424P165) for a debit of $2.90  (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