April 27, 2020  Terry’s Tips Trade Alert  –  Honey Badger Portfolio

 

We have become negative net delta:

 

BTO 4 MSFT 15May20 182.5 calls (MSFT200515C182.5)

STO 4 MSFT 01May20 182.5 calls (MSFT200501C182.5) for a debit of $1.75  (buying a calendar)

 

BTO 3 MSFT 15May20 185 calls (MSFT200515C185)

STO 3 MSFT 01May20 185 calls (MSFT200501C185) for a debit of $1.55  (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