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

  

We have become negative net delta and we can get neutral net delta while rolling some short options to next month:

 

BTC 1 COST 10Jan20 287.5 put (COST200110P287.5)
STO 1 COST 7Feb20 287.5 put (COST200207P287.5) for a credit of $2.48 (selling a calendar)

 

BTC 1 COST 10Jan20 290 put (COST200110P290)
STO 1 COST 7Feb20 292.5 put (COST200207P292.5) for a credit of $4.22 (selling a diagonal)

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

Happy trading.

Terry