August 21, 2020  Terry’s Tips Trade Alert – Honey  Badger  Portfolio

     

With the stock down sharply we have become uncomfortably long:

 

BTC 2 AZN 28Aug20 57.5 puts (AZN200828P57.5)

STO 2 AZN 28Aug20 55 puts (AZN200828P55)

BTO 2 AZN 15Jan21 55 puts (AZN210115P55)

STC 2 AZN 15Jan21 57.5 puts (AZN210115P57.5) for a debit of $.30 (selling a vertical roll)

 

BTC 1 AZN 21Aug20 57.5 put (AZN200821P57.5)
STO 1 AZN 4Sep20 54.5 put (AZN200904P54.5) for a debit of $1.30 (selling a diagonal)

 

BTC 1 AZN 21Aug20 57.5 call (AZN200821C57.5)

STO 1 AZN 4Sep20 57 call (AZN200904C57) for a credit of $.60 (selling a diagonal)

 

BTC 1 AZN 21Aug20 56.5 call (AZN200821C56.5)

STO 1 AZN 4Sep20 56.5 call (AZN200904C56.5) for a credit of $.78 (selling a calendar)

 

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

 

Happy trading.

Terry