June 5, 2020  Terry’s Tips Trade Alert  #2 Honey  Badger  Portfolio

 

The stock has moved up so much we need to make wholesale changes:

 

BTC 2 IBM 12Jun20 128 calls (IBM200612C128)

STC 2 IBM 16Oct20 130 calls (IBM201016C130) for a credit of $3.95 (selling a diagonal)

 

BTC 1 IBM 12Jun20 127 call (IBM200612C127)

STO 1 IBM 12Jun20 133 call (IBM200612C133) for a debit of $4.55  (buying a vertical)

 

BTC 4 IBM 12Jun20 130 calls (IBM200612C130)

STO 4 IBM 12Jun20 135 calls (IBM200612C135) for a debit of $3.00  (buying a vertical)

 

BTO 2 IBM 16Oct20 135 calls (IBM201016C135)
STC 2 IBM 16Oct20 125 calls (IBM201016C125) for a credit of $5.88 (selling a vertical)

 

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

 

Happy trading.

 

Terry