December 20, 2018 Terry’s Tips Trade Alert – Honey Badger Portfolio

We have become positive net delta and tomorrow there will be a $1.50 or so dividend that should take the stock down by that amount:

BTO 1 SPY 15Mar19 251 put (SPY190315P251)
STC 1 SPY 15Mar19 261 put (SPY190315P261) for a credit of $5.32 (selling a vertical)

BTO 1 SPY 15Mar19 252 put (SPY190315P252)
STC 1 SPY 15Mar19 259 put (SPY190315P259) for a credit of $3.66 (selling a vertical)

BTO 1 SPY 15Mar19 247 put (SPY190315P247)
STC 1 SPY 15Mar19 255 put (SPY190315P255) for a credit of $3.59 (selling a vertical)

BTC 1 SPY 21Dec18 256 put (SPY181221P256)
STO 1 SPY 21Dec18 249 put (SPY181221P249) for a debit of $5.04 (buying a vertical)

BTC 1 SPY 21Dec18 254 put (SPY181221P254)
STO 1 SPY 21Dec18 248 put (SPY181221P248) for a debit of $3.66 (buying a vertical)

BTC 1 SPY 21Dec18 255 put (SPY181221P255)
STO 1 SPY 21Dec18 247 put (SPY181221P247) for a debit of $4.85 (buying a vertical)

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

Happy trading.

Terry