January 3, 2019 Terry’s Tips Trade Alert – Honey Badger Portfolio

We have become positive net delta:

BTC 1 SPY 04Jan19 252 put (SPY190104P252)
STO 1 SPY 11Jan19 245 put (SPY190111P245) for a debit of $3.45 (selling a diagonal)

BTC 1 SPY 04Jan19 250 put (SPY190104P250)
STO 1 SPY 11Jan19 244 put (SPY190111P244) for a debit of $2.06 (selling a diagonal)

BTO 1 SPY 29Mar19 245 put (SPY190329P245)
STC 1 SPY 29Mar19 252 put (SPY190329P252) for a credit of $3.35 (selling a vertical)

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

Happy trading.

Terry