December 13, 2017  Trade Alert  -  Honey Badger  Portfolio

If you were assigned shares of AMAT, sell them at the market and also sell the requisite number of 29Dec17 55 puts.  Otherwise,

BTC 5 AMAT 29Dec17 58 puts (AMAT171229P58)
STC 5 AMAT 29Dec17 55 puts (AMAT171229P55) for a debit of $2.95  (buying a vertical)

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

Happy trading.

 

Terry