June 26, 2017  Trade Alert  -   Honey Badger  Portfolio

We will add LITE to this portfolio with a little over half our free cash, and continue our search for another addition.  LITE was trading at $65.30 when we placed this trade:

BTO 4 LITE 18Augy17 55 Puts (LITE170818P55)
STO 4 LITE 18Aug17 60 Puts (LITE170818P60) for a credit of $1.55 (selling a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

 

Terry