April 3, 2017  Trade Alert  -   Honey Badger  Portfolio – limit order

We will close out our AMAT 21Apr17 puts 3 weeks early because the price is so low, and add on a new spread selected from IBD’s Top 50 list.  We have earlier enjoyed the maximum gain on a vertical put credit spread on this company, ULTA.

BTC 5 AMAT 21Apr17 35 puts (AMAT170421P35) for $.03 (no commission)

BTO 4 ULTA 19May17 275 puts (ULTA170519P275)

STO 4 ULTA 19May17 280 puts (ULTA170519P280) for a credit limit of $1.55  (selling a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

 

Terry