June 3, 2020  Terry’s Tips Trade Alert #2 –  Honey  Badger  Portfolio

 

We have spare cash that we can use to get longer now that the stock has moved up:

 

BTC 1 IBM 12Jun20 122 put (IBM200612P122)

STO 1 IBM 12Jun20 127 put (IBM200612P127)

BTO 1 IBM 16Oct20 125 put (IBM201016P125)

STC 1 IBM 16Oct20 120 put (IBM201016P120) for a debit of $.93 (buying a vertical roll)

 

BTC 1 IBM 12Jun20 123 put (IBM200612P123)

STO 1 IBM 12Jun20 128 put (IBM200612P128)

BTO 1 IBM 16Oct20 130 put (IBM201016P130)

STC 1 IBM 16Oct20 125 put (IBM201016P125) for a debit of $1.10 (buying a vertical roll)

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

 

Happy trading.

 

Terry