July 15, 2020 Terry’s Tips Trade Alert – Honey  Badger Portfolio

We have become negative net delta:

BTC 1 IBM 17Jul20 118 call (IBM200717C118)
STO 1 IBM 24Jul20 123 call (IBM200724C123)
BTO 1 IBM 16Oct20 125 call (IBM201016C125)
STC 1 IBM 16Oct20 115 call (IBM201016C115) for a credit of $4.30 (selling a custom vertical roll)

BTC 2 IBM 17Jul20 120 calls (IBM200717C120)
STO 2 IBM 17Jul20 125 calls (IBM200717C125) for a debit of $3.00 (buying a vertical)

BTO 1 IBM 16Oct20 125 call (IBM201016C125)
STC 1 IBM 16Oct20 120 call (IBM201016C120) for a credit of $2.50 (selling a vertical)


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

Happy trading.

Terry