January 13, 2020  Terry’s Tips Trade Alert   – Honey Badger portfolio

 

We can add on a new spread and increase theta by rolling up some calls to higher strikes to gain some cash:

 

BTO 1 COST 17Jul20 310 call (COST200717C310)

STC 1 COST 17Jul20 290 call (COST200717C290) for a credit of $10.47 (selling a vertical)

 

BTO 1 COST 17Jul20 300 call (COST200717C300)
STO 1 COST 07Feb20 300 call (COST200207C300) for a debit of $11.60  (buying a calendar)

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

Happy trading.

Terry