December 7, 2018 Terry’s Tips Trade Alert  #3 – Honey Badger  Portfolio

After going up this morning, SPY has reversed itself big time:

BTC 1 SPY 15Mar19 271 put (SPY190315P271)
STO 1 SPY 15Mar19 259 put (SPY190315P259) for a debit of $5.70 (buying a vertical) 

BTO 1 SPY 14Dec18 259 put (SPY181214P259)
STC 1 SPY 14Dec18 271 put (SPY181214P271) for a credit of $5.53 (selling a vertical)

BTC 1 SPY 14Dec18 260 put (SPY181214P260)
STO 1 SPY 21Dec18 259 put (SPY181221P259) for a credit of $1.09 (selling a diagonal)

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

Happy trading.

Terry