January 8, 2020  Terry’s Tips Trade Alert #2 – Honey Badger  portfolio

  

We have become negative net delta:

 

BTC 2 COST 10Jan20 290 puts (COST200110P290)

STO 2 COST 7Feb20 292.5 puts (COST200207P292.5) for a credit of $3.61 (selling a diagonal)

 

BTO 2 COST 17Jul20 295 puts (COST200717P295)

STC 2 COST 17Jul20 290 puts (COST200717P290) for a debit of $2.27  (buying a vertical)

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry