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

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

BTO 1 SPY 15Mar19 245 put (SPY190315P245)
STC 1 SPY 15Mar19 253 put (SPY190315P253) for a credit of $5.07 (selling a vertical)

BTC 1 SPY 28Dec18 244 put (SPY181228P244)
STO 1 SPY 28Dec18 234 put (SPY181228P234) for a debit of $6.54 (buying a vertical)

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

Happy trading.

Terry