June 2, 2020  Terry’s Tips Trade Alert  –  Honey  Badger  Portfolio

 

We have selected IBM as our new underlying.  A full report on our reasoning will come in the Saturday Report:

 

BTO 1 IBM 16Oct20 125 put (IBM201016P125)

STO 1 IBM 12Jun20 125 put (IBM200612P125) for a debit of $7.05  (buying a calendar)

 

BTO 1 IBM 16Oct20 120 put (IBM201016P120)

STO 1 IBM 12Jun20 122 put (IBM200612P122) for a debit of $5.88 (buying a diagonal)  

 

BTO 1 IBM 16Oct20 125 put (IBM201016P125)

STO 1 IBM 12Jun20 123 put (IBM200612P123) for a debit of $7.72 (buying a diagonal)

 

BTO 1 IBM 16Oct20 125 call (IBM201016C125)

STO 1 IBM 12Jun20 125 call (IBM200612C125) for a debit of $5.90 (buying a calendar)

 

BTO 2 IBM 16Oct20 125 calls (IBM201016C125)

STO 2 IBM 12Jun20 127 calls (IBM200612C127) for a debit of $6.93 (buying a diagonal)

 

BTO 2 IBM 16Oct20 130 calls (IBM201016C130)

STO 2 IBM 12Jun20 128 calls (IBM200612C128) for a debit of $4.85 (buying a diagonal)

 

BTO 1 IBM 16Oct20 130 call (IBM201016C130)

STO 1 IBM 12Jun20 130 call (IBM200612C130) for a debit of $5.44 (buying a calendar)

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

 

Happy trading.