January 22, 2019 Terry’s Tips Trade Alert #3 - Honey Badger Portfolio

We are getting dangerously close to becoming positive net delta once again:

BTC 1 SPY 25Jan19 266 put (SPY190125P266)
STO 1 SPY 25Jan19 259 put (SPY190125P259) for a debit of $3.81 (selling a diagonal)

BTO 1 SPY 29Mar19 257 put (SPY190329P257)
STC 1 SPY 29Mar19 266 put (SPY190329P266) for a credit of $3.62 (selling a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry