June 10, 2020  Terry’s Tips Trade Alert  –  Honey Badger  Portfolio

 

We are uncomfortably positive net delta:

 

BTC 2 IBM 12Jun20 135 calls (IBM200612C135)

STO 2 IBM 12Jun20 131 calls (IBM200612C131)

BTO 2 IBM 16Oct20 130 calls (IBM201016C130)

STC 2 IBM 16Oct20 135 calls (IBM201016C135) for a debit of $.85 (buying a vertical roll)

 

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

 

Happy trading.

 

Terry