Subject: December 26, 2017 Trade Alert - Honey Badger Portfolio
December 26, 2017 Trade Alert - Honey Badger Portfolio
These will be the initial positions in the newly-reconfigured Honey Badger portfolio. These spreads will cost an amount which is very close to their intrinsic value if the stock is higher than the strike of the short call:
BTO 1 YY 16Feb18 100 call
(YY180216C100)
STO 1 YY 29Dec17 114 call (YY171229C114) for a debit of $15.00 (buying a
diagonal)
BTO 1 YY 16Feb18 105 call (YY180216C105)
STO 1 YY 05Jan18 115 call (YY180105C115) for a debit of $10.60 (buying a
diagonal)
BTO 1 YY 16Feb18 105 call
(YY180216C105)
STO 1 YY 05Jan18 116 call (YY180105C116) for a debit of $10.75 (buying a
diagonal)
BTO 1 YY 16Feb18 105 call
(YY180216C105)
STO 1 YY 05Jan18 117 call (YY180105C117) for a debit of $11.20 (buying a
diagonal)
Be prepared to change these price limits by $.05 or more in order to get an execution.
Happy trading.
Terry
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