June 3, 2020  Terry’s Tips Trade Alert  –  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 125 call (IBM200612C125)

STO 1 IBM 12Jun20 130 call (IBM200612C130)

BTO 1 IBM 16Oct20 130 call (IBM201016C130)

STC 1 IBM 16Oct20 125 call (IBM201016C125) for a debit of $.36 (selling a vertical roll)

 

BTO 2 IBM 16Oct20 130 calls (IBM201016C130)

STO 2 IBM 12Jun20 130 calls (IBM200612C130) for a debit of $6.05 (buying a calendar)

 

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

 

Happy trading.

 

Terry