June 24, 2020 Terry’s Tips Trade Alert – Honey  Badger Portfolio

We have become uncomfortable long:

BTC 1 IBM 26Jun20 123 call (IBM200626C123)
STO 1 IBM 02Jul20 117 call (IBM200702C117) for a credit of $2.30 (selling a diagonal)

BTC 1 IBM 26Jun20 123 call (IBM200626C123)
STO 1 IBM 02Jul20 118 call (IBM200702C118) for a credit of $1.90 (selling a diagonal)

BTO 1 IBM 16Oct20 115 call (IBM201016C115)
STC 1 IBM 16Oct20 125 call (IBM201016C125) for a debit of $4.50 (buying a vertical)


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

Happy trading.

Terry