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

 

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

 

BTC 1 IBM 12Jun20 127 put (IBM200612P127)

STO 1 IBM 12Jun20 132 put (IBM200612P132) for a credit of $1.21 (selling a vertical)

 

BTC 1 IBM 12Jun20 128 put (IBM200612P128)

STO 1 IBM 12Jun20 133 put (IBM200612P133) for a credit of $1.52 (selling a vertical)

 

BTC 1 IBM 12Jun20 125 put (IBM200612P125)

STO 1 IBM 12Jun20 134 put (IBM200612P134) for a credit of $2.44 (selling a vertical)

 

BTO 2 IBM 16Oct20 135 puts (IBM201016P135)
STC 2 IBM 16Oct20 125 puts (IBM201016P125) for a debit of $4.22  (buying a vertical)

 

BTC 1 IBM 12Jun20 127 call (IBM200612C127)

STC 1 IBM 16Oct20 130 call (IBM201016C130) for a credit of $3.30 (selling a diagonal)

 

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

 

Happy trading.

 

Terry