July 8, 2021 Terry’s Tips Trade Alert – Honey  Badger Portfolio
 
We will begin rolling calls out to next week and lowering put strikes to reduce delta:  

BTC 1 QQQ 09Jul21 364 call (QQQ210709C364)
STO 1 QQQ 16Jul21 358 call (QQQ210716C358) for a credit of $2.95 (selling a diagonal) (100%)

BTC 1 QQQ 09Jul21 363 call (QQQ210709C363)
STO 1 QQQ 16Jul21 357 call (QQQ210716C357) for a credit of $3.45 (selling a diagonal) (100%)

BTC 1 QQQ 09Jul21 362.5 call (QQQ210709C362.5)
STO 1 QQQ 16Jul21 356 call (QQQ210716C356) for a credit of $4.00 (selling a diagonal) (100%)

BTC 1 QQQ 09Jul21 360 put (QQQ210709P360)
STO 1 QQQ 09Jul21 354 put (QQQ210709P354) for a debit of $3.20 (buying a vertical) (100%)

BTC 1 QQQ 09Jul21 359 put (QQQ210709P359)
STO 1 QQQ 09Jul21 352.5 put (QQQ210709P352.5) for a debit of $2.75 (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