February 22, 2021 Terry’s Tips Trade Alert – Honey  Badger Portfolio
 
With QQQ down nearly 2%, we need to reduce delta:

BTC 1 QQQ 26Feb21 333 put (QQQ210226P333)
STO 1 QQQ 26Feb21 325 put (QQQ210226P325)
BTO 1 QQQ 16Apr21 325 put (QQQ210416P325)
STC 1 QQQ 16Apr21 333 put (QQQ210416P333) for a debit of $1.40 (buying a vertical roll) (100%)

BTC 1 QQQ 26Feb21 332 put (QQQ210226P332)
STO 1 QQQ 26Feb21 324 put (QQQ210226P324)
BTO 1 QQQ 16Apr21 324 put (QQQ210416P324)
STC 1 QQQ 16Apr21 332 put (QQQ210416P332) for a debit of $1.15 (buying a vertical roll) (100%)

BTC 1 QQQ 26Feb21 331 put (QQQ210226P331)
STO 1 QQQ 26Feb21 323 put (QQQ210226P323)
BTO 1 QQQ 16Apr21 323 put (QQQ210416P323)
STC 1 QQQ 16Apr21 331 put (QQQ210416P331) for a debit of $0.85 (buying a vertical roll) (100%)

BTC 1 QQQ 26Feb21 330 put (QQQ210226P330)
STO 1 QQQ 26Feb21 322 put (QQQ210226P322)
BTO 1 QQQ 16Apr21 322 put (QQQ210416P322)
STC 1 QQQ 16Apr21 330 put (QQQ210416P330) for a debit of $0.55 (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