June 30, 2020 Terry’s Tips Trade Alert – Honey  Badger Portfolio

We have become negative net delta:

BTC 1 IBM 10Jul20 115 call (IBM200710C115)
STO 1 IBM 10Jul20 120 call (IBM200710C120)
BTO 1 IBM 16Oct20 120 call (IBM201016C120)
STC 1 IBM 16Oct20 115 call (IBM201016C115) for a debit of $0.60 (buying a vertical roll)

BTC 1 IBM 10Jul20 115 put (IBM200710P115)
STO 1 IBM 10Jul20 120 put (IBM200710P120)
BTO 1 IBM 16Oct20 120 put (IBM201016P120)
STC 1 IBM 16Oct20 115 put (IBM201016P115) for a debit of $0.70 (selling a vertical roll)


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

Happy trading.

Terry