July 13, 2020 Terry’s Tips Trade Alert – Honey  Badger Portfolio

We have become negative net delta:

BTC 1 IBM 17Jul20 115 put (IBM200717P115)
STO 1 IBM 17Jul20 120 put (IBM200717P120)
BTO 1 IBM 16Oct20 120 put (IBM201016P120)
STC 1 IBM 16Oct20 115 put (IBM201016P115) for a debit of $0.90 (buying a vertical roll)

BTC 1 IBM 17Jul20 117 call (IBM200717C117)
STO 1 IBM 17Jul20 122 call (IBM200717C122)
BTO 1 IBM 16Oct20 125 call (IBM201016C125)
STC 1 IBM 16Oct20 120 call (IBM201016C120) for a debit of $0.50 (selling a vertical roll)


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

Happy trading.

Terry