February 17, 2021 Terry’s Tips Trade Alert – Honey  Badger Portfolio
 
We need to reduce delta:

BTC 1 QQQ 19Feb21 337 put (QQQ210219P337)
STO 1 QQQ 19Feb21 330 put (QQQ210219P330)
BTO 1 QQQ 16Apr21 330 put (QQQ210416P330)
STC 1 QQQ 16Apr21 337 put (QQQ210416P337) for a debit of $0.85 (buying a vertical roll) (100%)

BTC 1 QQQ 19Feb21 336 put (QQQ210219P336)
STO 1 QQQ 19Feb21 328 put (QQQ210219P328)
BTO 1 QQQ 16Apr21 328 put (QQQ210416P328)
STC 1 QQQ 16Apr21 336 put (QQQ210416P336) for a debit of $0.25 (buying a vertical roll) (100%)

BTC 1 QQQ 19Feb21 335 put (QQQ210219P335)
STO 1 QQQ 19Feb21 327 put (QQQ210219P327)
BTO 1 QQQ 16Apr21 327 put (QQQ210416P327)
STC 1 QQQ 16Apr21 335 put (QQQ210416P335) for a credit of $0.10 (buying a vertical roll) (100%)


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

Happy trading.

Terry