June 26, 2020 Terry’s Tips Trade Alert – Honey  Badger Portfolio

We are rolling our remaining shorts to the July 10 series. We then will have enough cash to add a spread:

BTC 1 IBM 26Jun20 120 call (IBM200626C120) for $0.03 (no commissions)

STO 1 IBM 10Jul20 120 call (IBM200710C120) for $1.90

BTC 1 IBM 02Jul20 118 call (IBM200702C118)
STO 1 IBM 10Jul20 118 call (IBM200710C118) for a credit of $0.95 (selling a calendar)

BTC 1 IBM 02Jul20 117 call (IBM200702C117)
STO 1 IBM 10Jul20 117 call (IBM200710C117) for a credit of $0.95 (selling a calendar)


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

Happy trading.

Terry