December 26, 2018 Terry’s Tips Trade Alert #2 – Honey Badger Portfolio

These trades will increase theta and leave us more negative net delta (with an upside break-even of $5):

BTO 1 SPY 15Mar19 241 put (SPY190315P241)
STC 1 SPY 15Mar19 251 put (SPY190315P251) for a credit of $5.95 (selling a vertical)

BTC 1 SPY 28Dec18 241 put (SPY181228P241)
STO 1 SPY 28Dec18 232 put (SPY181228P232) for a debit of $4.77  (buying a vertical)

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

Happy trading.

Terry