December 3, 2020  Terry’s Tips Trade  Alert  –  Honey Badger Portfolio

 

We are risking an assignment if we don’t get rid of these in-the-money puts, and there is little reason to wait to roll over the calls as well:

 

BTC 5 AZN 04Dec20 55 puts (AZN201204P55) (100%)
STO 5 AZN 11Dec20 52.5 puts (AZN201211P52.5)
BTO 5 AZN 16Apr21 52.5 puts (AZN210416P52.5)
STC 5 AZN 16Apr21 55 puts (AZN210416P55) for a debit of $.10 (selling a custom vertical roll)

BTC 2 AZN 04Dec20 54 puts (AZN201204P54) (100%)
STO 2 AZN 24Dec20 54 puts (AZN201224P54) for a credit of $.85 (selling a calendar)

BTC 4 AZN 04Dec20 55 calls (AZN201204C55) for $.05 (100%)

 

STO 4 AZN 31Dec20 55 calls (AZN201231C55) for $.95

 

BTO 2 AZN 16Apr21 55 puts (AZN210416P55)

STC 2 AZN 15Jan21 55 puts (AZN210115P55) for a debit of $2.35  (buying a calendar) (100%)

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry