February 7, 2018 Trade Alert -  Honey Badger Portfolio  

We need to get shorter and pick up some premium:

BTC 3 YY 09Feb18 137 calls (YY180209C137)

STC 3 YY 02Mar18 135 calls (YY180302C135) for a credit limit of $1.90 (selling a diagonal)  

If that executes:

BTO 2 YY 02Mar18 120 calls (YY180302C120)

STC 2 YY 02Mar18 130 calls (YY180302C130) for a debit of $4.10 (buying a vertical) 

BTC 2 YY 09Feb18 129 calls (YY180209C129)

STO 2 YY 16Feb18 120 calls (YY180216C120) for a credit limit of $4.60 (selling a diagonal)  

BTC 1 YY 09Feb18 134 call (YY180209C134)

STO 1 YY 16Feb18 125 call (YY180216C125) for a credit limit of $2.80 (selling a diagonal)   

Be prepared to change the price limits for non-limit orders by $.05 or more in order to get an execution. 

 

Happy trading.  

Terry