July 24, 2017  Trade Alert  -   Honey Badger  Portfolio

The stock is up strongly today.  It could fall by $5 and this spread would be profitable:

BTO 3 IDXX 18Aug17 160 puts (IDXX170818P160)
STO 3 IDXX 18Aug17 165 puts (IDXX170818P165) for a credit limit of $1.55  (selling a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

 

Terry