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