Subject: December 6, 2018 Terry’s Tips Trade Alert #2 – Honey Badger Portfolio
December 6, 2018 Terry’s Tips Trade Alert #2 – Honey Badger Portfolio
As luck might have it, the stock moved up about $2 just after we placed our trades. We have some cash to add on some new positions and allow the stock to move $5 higher before we should encounter a loss, while retaining our bearish stance:
BTO 1 SPY 15Mar19 267 put (SPY190315P267)
STO 1 SPY 14Dec18 267 put (SPY181214P267) for a debit of $6.87 (buying a
calendar)
STO 1 SPY 14Dec18 260 put (SPY181214P260) for $1.39
Be prepared to change these price limits by $.05 or more in order to get an execution.
Happy trading.
Terry
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