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