February 12, 2019 Terry’s Tips Trade Alert – Honey Badger Portfolio

With the stock up over $3, we need to roll something to a higher strike:

BTC 1 SPY 15Feb19 264 put (SPY190215P264)
STC 1 SPY 18Apr19 265 put (SPY190418P265) for a credit of $3.38 (selling a diagonal)

BTC 1 SPY 15Feb19 267 put (SPY190215P267)
STC 1 SPY 15Mar19 270 put (SPY190315P270) for a credit of $2.59 (selling a diagonal)

BTO 1 SPY 18Apr19 275 put (SPY190418P275)
STO 1 SPY 15Feb19 275 put (SPY190215P275) for a debit of $4.97 (buying a calendar)

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

Happy trading.

Terry