June 15, 2018 Terry’s Tips Trade Alert – Honey Badger  Portfolio

The stock has just continued to tank and we should bite the bullet now rather than waiting for another week:

BTC 2 AMAT 15Jun18 51 calls (AMAT180615C51) for $.01 (no commission)

BTC 3 AMAT 15Jun18 51.5 puts (AMAT180615P51.5)
STC 3 AMAT 29Jun18 51 puts (AMAT180629P51) for a debit of $.04 (selling a diagonal)

BTC 2 AMAT 15Jun18 52 calls (AMAT180615C52) for $.01 (no commission)

STC 2 AMAT 29Jun18 51 calls (AMAT180629C51) for $.51

BTC 2 AMAT 15Jun18 51.5 puts (AMAT180615P51.5)
STC 2 AMAT 29Jun18 53 puts (AMAT180629P53) for a credit of $1.61 (selling a diagonal)

STC 2 AMAT 29Jun18 54 calls (AMAT180629C54) for $.08

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

Happy trading.

Terry