February 1, 2021 Terry’s Tips Trade Alert – Honey  Badger Portfolio
 
We can use our cash to add a spread, increase delta and add theta:

BTO 1 QQQ 16Apr21 310 put (QQQ210416P310)
STO 1 QQQ 05Feb21 318 put (QQQ210205P318) for a debit of $10.00 (buying a diagonal)

BTO 1 QQQ 16Apr21 315 put (QQQ210416P315)
STC 1 QQQ 16Apr21 322 put (QQQ210416P322) for a credit of $2.75 (selling a vertical) (100%)


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

Happy trading.

Terry