January 4, 2019 Terry’s Tips Trade Alert #2 – Honey Badger Portfolio

The stock is up over $8, not a good thing for a bearish portfolio.  This will get us started on getting set up for next week:

BTC 1 SPY 04Jan19 242 put (SPY190104P242) for $.01 (no commission)

BTC 1 SPY 04Jan19 244 put (SPY190104P244) for $.02 (no commission)

BTC 1 SPY 04Jan19 245 put (SPY190104P245) for $.02 (no commission)

BTC 1 SPY 04Jan19 246 put (SPY190104P246) for $.02 (no commission)

STO 1 SPY 11Jan19 247 put (SPY19011P247) for $1.31

STO 1 SPY 11Jan19 248 put (SPY19011P248) for $1.53

STO 1 SPY 11Jan19 250 put (SPY19011P250) for $2.07

STO 1 SPY 11Jan19 252 put (SPY19011P252) for $2.81

BTO 1 SPY 29Mar19 251 put (SPY190329P251)
STC 1 SPY 15Mar19 241 put (SPY190315P241) for a debit of $4.02 for a debit of $ (buying a diagonal) 

BTO 1 SPY 29Mar19 252 put (SPY190329P252)
STC 1 SPY 15Mar19 242 put (SPY190315P242) for a debit of $4.16 for a debit of $ (buying a diagonal)

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

Happy trading.

Terry