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

We are getting dangerously close to becoming positive net delta:

BTC 1 SPY 25Jan19 268 put (SPY190125P268)
STO 1 SPY 1Feb19 263 put (SPY190201P263) for a debit of $1.79 (selling a diagonal)

BTO 1 SPY 29Mar19 264 put (SPY190329P264)
STC 1 SPY 29Mar19 268 put (SPY190329P268) for a credit of $1.79 (selling a vertical)

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

Happy trading.

Terry