June 17, 2021 Terry’s Tips Trade Alert – Honey  Badger Portfolio
 
We will begin rolling to next week to raise delta, starting with the lowest-strike puts that have little extrinsic value remaining:  

BTC 1 QQQ 18Jun21 332 put (QQQ210618P332)
STO 1 QQQ 25Jun21 342 put (QQQ210625P342) for a credit of $2.75 (selling a diagonal) (100%)

BTC 1 QQQ 18Jun21 334 put (QQQ210618P334)
STO 1 QQQ 25Jun21 340 put (QQQ210625P340) for a credit of $2.10 (selling a diagonal) (100%)

BTO 1 QQQ 20Aug21 345 put (QQQ210820P345)
STC 1 QQQ 16Jul21 334 put (QQQ210716P334) for a debit of $7.70 (buying a diagonal) (100%)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry