March 17, 2021 Terry’s Tips Trade Alert #2 – Honey  Badger Portfolio
 
With QQQ reversing after the Fed statement, we are raising delta:

BTC 1 QQQ 19Mar21 310 put (QQQ210319P310)
STC 1 QQQ 16Apr21 310 put (QQQ210416P310) for a credit of $4.90 (selling a calendar) (100%)

BTC 1 QQQ 19Mar21 318 call (QQQ210319C318)
STO 1 QQQ 19Mar21 324 call (QQQ210319C324) for a debit of $3.65 (buying a vertical) (100%)

BTC 1 QQQ 19Mar21 312 put (QQQ210319P312)
STO 1 QQQ 19Mar21 322 put (QQQ210319P322)
BTO 1 QQQ 16Apr21 322 put (QQQ210416P322)
STC 1 QQQ 16Apr21 312 put (QQQ210416P312) for a debit of $1.25 (buying a vertical roll) (100%)


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

Happy trading.

Terry