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