July 2, 2020 Terry’s Tips Trade Alert – Honey  Badger Portfolio

We have become negative net delta:

BTC 1 IBM 10Jul20 117 call (IBM200710C117)
STO 1 IBM 10Jul20 122 call (IBM200710C122) for a debit of $3.00 (buying a vertical)

BTC 1 IBM 10Jul20 118 call (IBM200710C118)
STO 1 IBM 10Jul20 123 call (IBM200710C123) for a debit of $2.60 (buying a vertical)

BTO 1 IBM 16Oct20 125 call (IBM201016C125)
STC 1 IBM 16Oct20 115 call (IBM201016C115) for a credit of $5.10 (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