January 7, 2021 Terry’s Tips Trade Alert  – Honey  Badger Portfolio

We have become negative net delta:

BTC 1 QQQ 15Jan21 299 put (QQQ210115P299)
STO 1 QQQ 15Jan21 311 put (QQQ210115P311)
BTO 1 QQQ 16Apr21 311 put (QQQ210416P311)
STC 1 QQQ 16Apr21 299 put (QQQ210416P299) for a debit of $2.00 (buying a vertical roll) (100%)

BTC 1 QQQ 15Jan21 308 call (QQQ210115C308)
STO 1 QQQ 15Jan21 315 call (QQQ210115C315)
BTO 1 QQQ 16Apr21 315 call (QQQ210416C315)
STC 1 QQQ 16Apr21 308 call (QQQ210416C308) for a debit of $0.40 (selling a vertical roll) (100%)

BTC 1 QQQ 15Jan21 302 put (QQQ210115P302)
STO 1 QQQ 15Jan21 313 put (QQQ210115P313)
BTO 1 QQQ 16Apr21 313 put (QQQ210416P313)
STC 1 QQQ 16Apr21 302 put (QQQ210416P302) for a debit of $1.45 (buying a vertical roll) (100%)
 

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

Happy trading.

Terry