June 29, 2018 Terry’s Tips Trade Alert – Honey Badger  Portfolio

With the stock up over 10%, there is essentially no way we can convert to using the 10K Strategy, and we must take what is just about a total loss:

BTC 2 NKE 29Jun18 71 puts (NKE180629P71) for $.01 (no commission)

STC 2 NKE 03Aug18 68 puts (NKE180803P68) for $.12

BTC 2 NKE 29Jun18 74 calls (NKE180629C74)
STC 2 NKE 03Aug18 77 calls (NKE180803C77) for a debit of $1.81 (selling a diagonal)

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

Happy trading.

Terry