July 5, 2017  Trade Alert  -   Honey Badger  Portfolio

ALGN has recently been added to the S&P 500 and has held up well in the recent weakness of tech stocks.  It is currently trading over $150 so this spread gives us some breathing room:

BTO 3 ALGN 18Aug17 140 Puts (ALGN170818P140)
STO 3 ALGN 18Aug17 145 Puts (ALGN170818P145) for a credit of $1.40 (selling a vertical)

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

Happy trading.

 

Terry