February 28, 2020  Terry’s Tips Trade Alert #2 –  Honey Badger  Portfolio

                                                                            

We will close all our positions in this portfolio.  It has considerably under-performed the Rising Tide portfolio which also uses COST as the underlying.  There have been almost as many adjusting trades required in Honey Badger as we have experienced in Rising Tide, so that advantage to trading monthlies has not materialized.  It will be good to have some cash on the table in uncertain times like these:

BTC 1 COST 28Feb20 312.5 put (COST200228P312.5)
STC 1 COST 17Jul20 320 put (COST200717P320) for a credit of $13.90 (selling a diagonal)

BTC 1 COST 06Mar20 310 put (COST200306P310)
STC 1 COST 17Jul20 320 put (COST200717P320) for a credit of $14.30 (selling a diagonal)

BTC 1 COST 28Feb20 317.5 call (COST200228C317.5)
STC 1 COST 17Jul20 315 call (COST200717C315) for a credit of $9.25 (selling a diagonal)

BTC 1 COST 28Feb20 317.5 call (COST200228C317.5)
STC 1 COST 17Jul20 320 call (COST200717C320) for a credit of $7.70 (selling a diagonal)

BTC 1 COST 06Mar20 312.5 call (COST200306C312.5)
STC 1 COST 17Jul20 310 call (COST200717C310) for a credit of $8.50 (selling a diagonal)

BTC 1 COST 06Mar20 312.5 call (COST200306C312.5)
STC 1 COST 17Jul20 315 call (COST200717C315) for a credit of $7.25 (selling a diagonal)

BTC 1 COST 06Mar20 320 call (COST200306C320)
STC 1 COST 17Jul20 320 call (COST200717C320) for a credit of $6.50 (selling a calendar)

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry