February 13, 2019 Terry’s Tips Trade Alert – Honey Badger Portfolio

With the stock up again, we need to roll something to a higher strike:

BTC 1 SPY 15Feb19 267 put (SPY190215P267)
STO 1 SPY 22Feb19 274 put (SPY190222P274) for a credit of $1.68 (selling a diagonal)

BTO 1 SPY 18Apr19 274 put (SPY190418P274)
STC 1 SPY 18Apr19 265 put (SPY190418P265) for a debit of $2.65 (buying a vertical)

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

Happy trading.

Terry