February 24, 2020 Terry’s Tips Trade Alert – Honey Badger Portfolio

We need to lower delta:

BTC 1 COST 28Feb20 322.5 put (COST200228P322.5)
STC 1 COST 17Jul20 320 put (COST200717P320) for a credit of $9.50 (selling a diagonal)

BTC 1 COST 28Feb20 322.5 put (COST200228P322.5)
STO 1 COST 28Feb20 315 put (COST200228P315) for a debit of $5.00 (buying a vertical)

BTC 1 COST 28Feb20 320 put (COST200228P320)
STO 1 COST 28Feb20 312.5 put (COST200228P312.5) for a debit of $4.15 (buying a vertical)

BTC 2 COST 28Feb20 325 calls (COST200228C325)
STO 2 COST 28Feb20 317.5 calls (COST200228C317.5) for a credit of $1.70 (selling a vertical)

BTO 2 COST 17Jul20 320 calls (COST200717C320)
STC 2 COST 17Jul20 325 calls (COST200717C325) for a debit of $2.35 (buying a vertical)

BTC 1 COST 06Mar20 325 call (COST200306C325)
STO 1 COST 06Mar20 320 call (COST200306C320) for a credit of $1.70 (selling a vertical)


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

Happy trading.

Terry