January 17, 2020  Terry’s Tips Trade Alert   –  Honey Badger portfolio

 

We have become negative net delta:

 

BTC 1 COST 07Feb20 302.5 call (COST200207C302.5)

STO 1 COST 07Feb20 307.5 call (COST200207C307.5)
BTO 1 COST 17Jul20 305 call (COST200717C305)
STC 1 COST 17Jul20 300 call (COST200717C300) for a credit of $.30 (selling a vertical roll)

 

BTC 1 COST 07Feb20 300 put (COST200207P300)

STO 1 COST 07Feb20 305 put (COST200207P305)
BTO 1 COST 17Jul20 305 put (COST200717P305)
STC 1 COST 17Jul20 300 put (COST200717P300) for a debit of $.03 (buying a vertical roll)

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

Happy trading.

Terry