July 22, 2020 Terry’s Tips Trade Alert  – Honey  Badger Portfolio

We will start selling positions to raise delta as we will not be trading IBM after this week:

BTC 1 IBM 24Jul20 125 put (IBM200724P125)
STC 1 IBM 16Oct20 125 put (IBM201016P125) for a credit of $5.20 (selling a calendar)

BTC 1 IBM 24Jul20 126 call (IBM200724C126)
STC 1 IBM 16Oct20 125 call (IBM201016C125) for a credit of $4.50 (selling a diagonal)

BTC 1 IBM 24Jul20 127 call (IBM200724C127)
STC 1 IBM 16Oct20 125 call (IBM201016C125) for a credit of $5.30 (selling a diagonal)

BTC 1 IBM 24Jul20 127 call (IBM200724C127)
STC 1 IBM 16Oct20 130 call (IBM201016C130) for a credit of $2.50 (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