December 22, 2020  Terry’s Tips Trade  Alert  –  Honey Badger Portfolio

 

The stock continues to tumble, and we are at risk of an assignment:

 

BTC 2 AZN 24Dec20 54 puts (AZN201224P54)

STC 2 AZN 16Apr21 55 puts (AZN210416P55) for a credit of $3.20 (selling a diagonal) (67%)

 

BTC 1 AZN 24Dec20 51.5 put (AZN201224P51.5)

STC 1 AZN 16Jul21 55 put (AZN210716P55) for a credit of $6.52 (selling a diagonal) (100%)

 

BTC 3 AZN 24Dec20 50 puts (AZN201224P50)

STC 3 AZN 16Apr21 50 puts (AZN210416P50) for a credit of $3.55 (selling a calendar) (100%)

 

 

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry