August 24, 2020  Terry’s Tips Trade Alert – Honey  Badger  Portfolio

We have become negative net delta:

BTC 2 AZN 28Aug20 55 puts (AZN200828P55)
STO 2 AZN 28Aug20 57.5 puts (AZN200828P57.5) for a credit of $.95 (selling a vertical)

BTO 1 AZN 15Jan21 57.5 put (AZN210115P57.5)
STC 1 AZN 15Jan21 55 put (AZN210115P55) for a debit of $1.35 (selling a vertical roll)

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

 

Happy trading.

Terry