June 15, 2020  Terry’s Tips Trade Alert  – Honey  Badger  Portfolio

 

We are uncomfortably long:

 

STC 1 IBM 16Oct20 130 call (IBM201016C130) for $5.10

 

BTC 1 IBM 19Jun20 123 call (IBM200619C123)

STO 1 IBM 19Jun20 120 call (IBM200619C120)
BTO 1 IBM 16Oct20 120 call (IBM201016C120)
STC 1 IBM 16Oct20 125 call (IBM201016C125) for a debit of $1.30 (buying a vertical roll)

BTC 1 IBM 26Jun20 125 put (IBM200626P125)

STO 1 IBM 19Jun20 120 put (IBM200619P120)

BTO 1 IBM 16Oct20 120 put (IBM201016P120)

STC 1 IBM 16Oct20 125 put (IBM201016P125) for a debit of $1.75 (buying a custom vertical roll)

 

BTC 1 IBM 19Jun20 123 put (IBM200619P123)

STO 1 IBM 19Jun20 117 put (IBM200619P117)
BTO 1 IBM 16Oct20 120 put (IBM201016P120)
STC 1 IBM 16Oct20 125 put (IBM201016P125) for a debit of $.85 (buying 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