April 9, 2021 Terry’s Tips Trade Alert – Honey  Badger Portfolio
 
We have become negative net delta. We are also adding a spread:

BTC 1 QQQ 16Apr21 323 put (QQQ210416P323)
STO 1 QQQ 16Apr21 333 put (QQQ210416P333)
BTO 1 QQQ 18Jun21 333 put (QQQ210618P333)
STC 1 QQQ 18Jun21 323 put (QQQ210618P323) for a debit of $1.45 (buying a vertical roll) (100%)

BTO 1 QQQ 18Jun21 342 call (QQQ210618C342)
STO 1 QQQ 16Apr21 342 call (QQQ210416C342) for a debit of $8.55 (buying a calendar)

Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry