July 8, 2020 Terry’s Tips Trade Alert #2 – Honey  Badger Portfolio

We are getting uncomfortably long:

BTC 1 IBM 10Jul20 120 put (IBM200710P120)
STO 1 IBM 17Jul20 115 put (IBM200717P115)
BTO 1 IBM 16Oct20 115 put (IBM201016P115)
STC 1 IBM 16Oct20 120 put (IBM201016P120) for a credit of $0.60 (buying a custom vertical roll)


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

Happy trading.

Terry