December 7, 2020  Terry’s Tips Trade  Alert  –  Honey Badger Portfolio

 

We have become negative net delta:

 

BTC 3 AZN 11Dec20 52.5 puts (AZN201211P52.5) (60%)
STO 3 AZN 18Dec20 55 puts (AZN201218P55)
BTO 3 AZN 16Apr21 55 puts (AZN210416P52.5)
STC 3 AZN 16Apr21 52.5 puts (AZN210416P52.5) for a credit of $.12 (selling a custom vertical roll)

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

Happy trading.

Terry