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 $15.26 (buying a diagonal)

BTO 1 YY 16Feb18 105 call (YY180216C105)
STO 1 YY 05Jan18 115 call (YY180105C115) for a debit of $10.74 (buying a diagonal)

BTO 1 YY 16Feb18 105 call (YY180216C105)
STO 1 YY 05Jan18 116 call (YY180105C116) for a debit of $11.27  (buying a diagonal)

 

BTO 1 YY 16Feb18 105 call (YY180216C105)
STO 1 YY 05Jan18 117 call (YY180105C117) for a debit of $11.60  (buying a diagonal) 

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

Happy trading.

 

Terry