April 30, 2020  Terry’s Tips Trade Alert #2 –  Honey  Badger  Portfolio

 

We have become negative net delta:

BTC 2 MSFT 01May20 172.5 puts (MSFT200501P172.5)
STC 2 MSFT 08May20 172.5 puts (MSFT200508P172.5) for a credit of $.97 (selling a calendar)

BTC 5 MSFT 01May20 172.5 puts (MSFT200501P172.5)
STC 5 MSFT 15May20 172.5 puts (MSFT200515P172.5) for a credit of $1.98 (selling a calendar)

BTO 5 MSFT 22May20 180 puts (MSFT200522P180)
STO 5 MSFT 01May20 180 puts (MSFT200501P180) for a debit of $4.19  (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