January 14, 2020  Terry’s Tips Trade Alert  – Honey Badger  portfolio

  

Gamma is far greater than net delta so another dollar gain will make us quite negative net delta.  These trades will also increase theta:

 

BTC 3 COST 07Feb20 292.5 puts (COST200207P292.5)

STO 3 COST 07Feb20 300 puts (COST200207P300) for a credit of $2.48 (selling a vertical)

 

BTO 1 COST 17Jul20 300 put (COST200717P300)

STC 1 COST 17Jul20 290 put (COST200717P290) for a debit of $4.05  (buying a vertical)

 

BTO 2 COST 17Jul20 300 puts (COST200717P300)

STC 2 COST 17Jul20 295 puts (COST200717P295) for a debit of $2.17  (buying a vertical)

 

BTO 1 COST 17Jul20 305 call (COST200717C305)

STC 1 COST 17Jul20 295 call (COST200717C295) for a credit of $5.40 (selling a vertical)

 

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

Happy trading.

Terry