July 21, 2020 Terry’s Tips Trade Alert  – Honey  Badger Portfolio

If you had the 24July 28 calls exercised in your account, place an order so buy them at the market and sell the appropriate number of IBM 16Oct20 125 calls (IBM201016C125). 

Otherwise:

BTC 2 IBM 24Jul20 128 calls (IBM200724C128)
STC 2 IBM 16Oct20 125 calls (IBM201016C125) for a credit of $5.30 (selling a diagonal)

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

Happy trading.

Terry