Subject: February 21, 2018 Trade Alert - Honey Badger Portfolio

February 21, 2018 Trade Alert -  Honey Badger Portfolio 

We have become negative net delta:

BTC 2 YY 23Feb18 130 calls (YY180223C130)
STO 2 YY 02Mar18 136 calls (YY180302C136) for a debit of $1.85  (selling a diagonal)

BTO 2 YY 16Mar18 135 calls (YY180316C135)
STC 2 YY 16Mar18 125 calls (YY180316C125) for a credit of $6.00  (selling a vertical)

BTO 2 YY 23Mar18 135 calls (YY180323C135)
STC 2 YY 23Mar18 125 calls (YY180323C125) for a credit of $5.85  (selling a vertical)

BTO 2 YY 20Apr18 140 calls (YY180420C140)
STO 2 YY 02Mar18 140 calls (YY180302C140) for a debit of $7.15 (buying a calendar)

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

Happy trading.

Terry

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