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

The stock continued to move higher yesterday after we placed our positions and now we don’t have $5 worth of protection on the upside. This trade will fix that and still provide us with $10 protection on the downside:

BTO 1 SPY 15Mar19 269 put (SPY190315P269)
STC 1 SPY 15Mar19 262 put (SPY190315P262) for a debit of $2.30 (buying a vertical)

BTC 1 SPY 14Dec18 262 put (SPY181214P262)
STO 1 SPY 14Dec18 269 put (SPY181214P269) for a credit of $1.55 (selling a vertical)

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

Happy trading.

Terry