February 17, 2017  Trade Alert  -    Honey Badger  Portfolio

We can close out our NVDA spread for a penny. Our new play will be Applied Materials (AMAT) which ranks high on IBD’s Top 50 list:

BTC 2 NVDA 17Feb17 100 puts (NVDA170217P100) for $.01 (no commission) 

BTO 5 AMAT 21Apr17 32 puts (AMAT170421P32)
STO 5 AMAT 21Apr17 35 puts (AMAT170421P35) for a credit limit of $.81  (selling a vertical) 

Happy trading. 

 

 

Terry