July 31, 2020 Terry’s Tips Trade Alert – Honey Badger  Portfolio

     

The stock is down over $2 and we should get set up for next week:

 

BTC 2 AZN 31Jul20 56 puts (AZN200731P56)
STO 2 AZN 7Aug20 56 puts (AZN200807P56) for a credit of $.85 (selling a calendar)

BTC 1 AZN 31Jul20 56.5 put (AZN200731P56.5)
STO 1 AZN 7Aug20 56.5 put (AZN200807P56.5) for a credit of $.72 (selling a calendar)

 

BTC 1 AZN 31Jul20 57 put (AZN200731P57)
STO 1 AZN 7Aug20 57 put (AZN200807P57) for a credit of $.57 (selling a calendar)

 

BTO 1 AZN 15Jan21 57.5 put (AZN210115P57.5)
STO 1 AZN 7Aug20 55.5 put (AZN200807P55.5) for a debit of $5.92 (buying a diagonal)

 

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

 

Happy trading.

Terry