August 25, 2020  Terry’s Tips Trade Alert – Honey  Badger  Portfolio

     

We have become negative net delta once again:

 

BTC 1 AZN 28Aug20 55 put (AZN200828P55)

STO 1 AZN 28Aug20 58 put (AZN200828P58)

BTO 1 AZN 15Jan21 60 put (AZN210115P60)

STC 1 AZN 15Jan21 55 put (AZN210115P55) for a debit of $1.70 (buying 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