July 26, 2021 Terry’s Tips Trade Alert – Honey  Badger Portfolio
 
We are rolling up strikes and adding spreads to raise delta and increase theta:  

BTO 1 QQQ 17Sep21 378 call (QQQ210917C378)
STO 1 QQQ 30Jul21 372.5 call (QQQ210730C372.5) for a debit of $4.30 (buying a diagonal)

BTO 1 QQQ 17Sep21 374 call (QQQ210917C374)
STO 1 QQQ 30Jul21 369 call (QQQ210730C369) for a debit of $4.70 (buying a diagonal)

BTC 1 QQQ 30Jul21 360 put (QQQ210730P360)
STO 1 QQQ 30Jul21 369 put (QQQ210730P369)
BTO 1 QQQ 17Sep21 369 put (QQQ210917P369)
STC 1 QQQ 17Sep21 359 put (QQQ210917P359) for a debit of $0.95 (buying a vertical roll) (100%)

BTO 1 QQQ 17Sep21 367 put (QQQ210917P367)
STO 1 QQQ 30Jul21 367 put (QQQ210730P367) for a debit of $7.45 (buying a calendar)

BTC 1 QQQ 30Jul21 366 call (QQQ210730C366)
STO 1 QQQ 30Jul21 370 call (QQQ210730C370) for a debit of $2.35 (buying a vertical) (100%)


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

Happy trading.

Terry