December 10, 2018 Terry’s Tips Trade Alert – Honey Badger Portfolio

We need to get negative net delta:

BTC 1 SPY 14Dec18 269 put (SPY181214P269)
STC 1 SPY 15Mar19 269 put (SPY190315P269) for a credit of $6.95 (selling a calendar)

BTC 1 SPY 14Dec18 267 put (SPY181214P267)
STO 1 SPY 14Dec18 261 put (SPY181214P261) for a debit of $2.60 (buying a vertical)

BTC 1 SPY 14Dec18 266 put (SPY181214P266)
STO 1 SPY 14Dec18 260 put (SPY181214P260) for a debit of $2.34 (buying a vertical)

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

Happy trading.

Terry