December 15, 2020  Terry’s Tips Trade  Alert  –  Honey Badger Portfolio

 

We are uncomfortably long (positive net delta):

 

BTC 3 AZN 18Dec20 55 puts (AZN201218P55) (100%)

STO 3 AZN 24Dec20 50 puts (AZN201224P50)

BTO 3 AZN 16Apr21 50 puts (AZN210416P50)

STC 3 AZN 16Apr21 55 puts (AZN210416P55) for a debit of $1.00 of $ (selling a custom diagonal)

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

Happy trading.

Terry