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

 

We can get more neutral net delta by rolling over these now:

 

BTC 5 MSFT 24Apr20 177.5 calls (MSFT200424C177.5) for $.02 (no commission)  

 

STC 5 MSFT 01May20 177.5 calls (MSFT200501C177.5) for $2.47

 

BTO 2 MSFT 15May20 167.5 puts (MSFT200515P167.5)

STO 2 MSFT 1May20 167.5 puts (MSFT200501P167.5) for a debit of $2.14  (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