April 24, 2020  Terry’s Tips Trade Alert #3 – Honey  Badger Portfolio

 

These trades will finish getting us set up for next week, leaving some cash for new spreads next week when we get a better idea which way the stock is headed:

 

BTC 4 MSFT 24Apr20 175 calls (MSFT200424C175) for $.05 (no commission)

 

STC 4 MSFT 01May20 175 calls (MSFT200501C175) for $4.00

 

BTC 5 MSFT 24Apr20 172.5 calls (MSFT200424C172.5)

STC 5 MSFT 01May20 172.5 calls (MSFT200501C172.5) for a credit of $4.37 (selling a calendar)

 

BTC 2 MSFT 24Apr20 172.5 puts (MSFT200424P172.5)
STO 2 MSFT 01May20 172.5 puts (MSFT200501P172.5) for a credit of $4.35 (selling a calendar)

 

BTO 5 MSFT 15May20 170 puts (MSFT200515P170)
STO 5 MSFT 01May20 170 puts (MSFT200501P170) for a debit of $2.16  (buying a calendar)

 

BTO 5 MSFT 15May20 172.5 puts (MSFT200515P172.5)
STO 5 MSFT 01May20 172.5 puts (MSFT200501P172.5) for a debit of $2.15  (buying a calendar)

 

BTO 5 MSFT 15May20 175 calls (MSFT200515C175)

STO 5 MSFT 01May20 175 calls (MSFT200501C175) for a debit of $2.07   (buying a calendar)

 

BTO 5 MSFT 15May20 177.5 calls (MSFT200515C177.5)

STO 5 MSFT 01May20 177.5 calls (MSFT200501C177.5) for a debit of $1.97   (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