July 30, 2020 Terry’s Tips Trade Alert #2– Honey Badger  Portfolio

     

I didn’t want to do this, but the stock has moved up and made us uncomfortably negative net delta:

 

BTC 1 AZN 31Jul20 57.5 call (AZN200731C57.5)

STO 1 AZN 7Aug20 59 call (AZN200807C59) for a credit of $.15 (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