August 8, 2018 Terry’s Tips Trade Alert – Honey Badger  Portfolio

CVS has moved up more than we wanted.  We will switch to using the 10K Strategy:

BTC 1 CVS 10Aug18 64 put (CVS180810P64) for $.02 (no commission)

STO 1 CVS 17Aug18 68 put (CVS180817P68) for $.95

BTC 1 CVS 10Aug18 66 call (CVS180810C66)
STO 1 CVS 17Aug18 70 call (CVS180817C70) for a debit of $1.93 (selling a diagonal)

BTO 1 CVS 14Sep18 65 put (CVS180914P65)
STC 1 CVS 14Sep18 61 put (CVS180914P61) for a debit of $.58 (buying a vertical)

BTO 1 CVS 14Sep18 72 call (CVS180914C72)
STC 1 CVS 14Sep18 69 call (CVS180914C69) for a credit of $1.04 (selling a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry