April 9, 2020  Terry’s Tips Trade Alert   –  Honey Badger  Portfolio

 

We need to roll over to next week.  A serious glitch has hit us here.  They changed the earnings date from 4/22/20 to 4/29/20 so all the 24Apr20 options we carefully bought are a week in front of the announcement instead of just after it.  So we will have to roll out our long options to the 1May20 series:

 

BTC 10 MSFT 09Apr20 150 puts (MSFT200409P150) for $.01 (no commission)

 

STC 10 MSFT 24Apr20 150 puts (MSFT200424P150) for $1.35

 

BTC 5 MSFT 09Apr20 150 calls (MSFT200409C150)

STO 5 MSFT 24Apr20 150 calls (MSFT200424C150) for a credit of $1.40 (selling a calendar)

 

BTC 5 MSFT 09Apr20 155 calls (MSFT200409C155)

STC 5 MSFT 17Apr20 155 calls (MSFT200417C155) for a credit of $1.22 (selling a calendar)

 

BTC 5 MSFT 09Apr20 157.5 calls (MSFT200409C157.5)

STO 5 MSFT 17Apr20 157.5 calls (MSFT200417C157.5) for a credit of $1.62 (selling a calendar)

 

BTC 10 MSFT 09Apr20 160 calls (MSFT200409C160)

STC 10 MSFT 17Apr20 160 calls (MSFT200417C160) for a credit of $1.28 (selling a calendar)

 

Note: 5 of these are STO

 

BTO 10 MSFT 1May20 165 calls (MSFT200501C165)

STO 10 MSFT 17Apr20 165 calls (MSFT200417C165) for a debit of $3.30  (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