January 31, 2020 Terry’s Tips Trade Alert #2 – Honey Badger Portfolio

We need to reduce delta:

BTO 2 COST 17Jul20 305 calls (COST200717C305)
STC 2 COST 17Jul20 315 calls (COST200717C315) for a debit of $4.90 (buying a vertical)

BTC 2 COST 07Feb20 312.5 calls (COST200207C312.5)
STO 2 COST 07Feb20 307.5 calls (COST200207C307.5) for a credit of $1.45 (selling a vertical)

BTC 1 COST 07Feb20 315 call (COST200207C315)
STO 1 COST 06Mar20 310 call (COST200306C310) for a credit of $5.55 (selling a diagonal)

BTC 1 COST 07Feb20 315 call (COST200207C315)
STO 1 COST 07Feb20 310 call (COST200207C310) for a credit of $1.00 (selling a vertical)


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

Happy trading.

Terry