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