June 11, 2020  Terry’s Tips Trade Alert  – Honey  Badger   Portfolio

 

IBM is down over $10 today and we need to do some serious adjusting:

 

BTC 2 IBM 12Jun20 135 calls (IBM200612C135) for $.03 (no commission)

 

STC 2 IBM 16Oct20 130 calls (IBM201016C130) for $4.40

 

BTC 1 IBM 12Jun20 134 put (IBM200612P134)

STO 1 IBM 19Jun20 124 put (IBM200619P124)
BTO 1 IBM 16Oct20 125 put (IBM201016P125)
STC 1 IBM 16Oct20 135 put (IBM201016P135) for a debit of $2.85 (selling a custom vertical roll)

BTC 1 IBM 12Jun20 133 put (IBM200612P133)

STO 1 IBM 19Jun20 123 put (IBM200619P123)
BTO 1 IBM 16Oct20 125 put (IBM201016P125)
STC 1 IBM 16Oct20 135 put (IBM201016P135) for a debit of $1.33 (selling a custom vertical roll)

BTC 1 IBM 12Jun20 132 put (IBM200612P132)

STO 1 IBM 19Jun20 120 put (IBM200619P120)
BTO 1 IBM 16Oct20 120 put (IBM201016P120)
STC 1 IBM 16Oct20 130 put (IBM201016P130) for a debit of $3.26 (selling a custom 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