Subject: June 16, 2020 Terry’s Tips Trade Alert #2 – Honey Badger Portfolio (corrected)
June 16, 2020 Terry’s Tips Trade Alert #2 – Honey Badger Portfolio
We have become negative net delta:
BTC 1 IBM 19Jun20 123 call (IBM200619C123)
STO 1 IBM
19Jun20 127 call (IBM200619C127)
BTO 1 IBM 16Oct20 125 call (IBM201016C125)
STC 1 IBM 16Oct20 120 call (IBM201016C120) for a credit of $.82 (selling a vertical)
BTO 1 IBM 16Oct20 130 call (IBM201016C130)
STO 1 IBM 19Jun20 128 call (IBM200619C128) for a debit of $5.97 (buying a diagonal)
Be[Ta1] prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Terry
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