July 25, 2017  Trade Alert #2 -   Honey Badger  Portfolio

We will close out our BABA spread for a nice gain and replace it with one for September:

BTC 5 BABA 28Jul17 139 puts (BABA170728P139)  for $.03 (no commission)

BTO 5 BABA 15Sep17 140 puts (BABA170915P140)

STO 5 BABA 15Sep17 145 puts (BABA170915P145) for a credit of $1.51  (selling a vertical)

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

Happy trading.

 

Terry