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

 

We will take off our lowest-strike spreads to get lower our negative net delta number:

BTC 4 MSFT 01May20 167.5 calls (MSFT200501C167.5)
STC 4 MSFT 08May20 167.5 calls (MSFT200508C167.5) for a credit of $.70 (selling a calendar)

BTC 2 MSFT 01May20 167.5 puts (MSFT200501P167.5)

STC 2 MSFT 15May20 167.5 puts (MSFT200515P167.5) for a credit of $1.39 (selling a calendar)

 

BTC 5 MSFT 01May20 170 puts (MSFT200501P170)

STC 5 MSFT 15May20 170 puts (MSFT200515P170) for a credit of $1.84 (selling 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