December 7, 2018 Terry’s Tips Trade Alert  #4 – Honey Badger  Portfolio

We made an error in the last trade and we need to reverse it:

BTO 2 SPY 15Mar19 259 puts (SPY190315P259)
STC 2 SPY 15Mar19 271 puts (SPY190315P271) for a credit of $5.15 (selling a vertical)

Note: one of the 271 puts is STO

 

BTC 2 SPY 14Dec18 271 puts (SPY181214P271)
STO 2 SPY 14Dec18 259 puts (SPY181214P259) for a debit of $6:01 (buying a vertical) 

Note: one of the 259 puts is STC

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

Happy trading.

Terry