June 25, 2020 Terry’s Tips Trade Alert – Honey  Badger Portfolio

We have become uncomfortably long. We are rolling out two weeks to generate more cash to add another spread:

BTC 2 IBM 26Jun20 120 puts (IBM200626P120)
STO 2 IBM 10Jul20 115 puts (IBM200710P115)
BTO 2 IBM 16Oct20 115 puts (IBM201016P115)
STC 2 IBM 16Oct20 120 puts (IBM201016P120) for a credit of $1.90 (buying a custom vertical roll)


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

Happy trading.

Terry