March 21, 2018 Terry’s Tips Trade Alert – Honey Badger Portfolio – limit orders

We have become negative net delta:

BTO 1 YY 20Apr18 129 call (YY180420C129)
STC 1 YY 20Apr18 120 call (YY180420C120) for a credit limit of $5.47 (selling a vertical)

If that executes:

BTC 1 YY 29Mar18 124 call (YY180329C124)
STO 1 YY 23Mar18 129 call (YY180323C129) for a debit of $4.74 (buying a diagonal)

BTC 2 YY 23Mar18 125 calls (YY180323C125)
STC 2 YY 29Mar18 125 calls (YY180329C125) for a credit of $1.30 (selling a calendar)

BTC 1 YY 23Mar18 125 call (YY180323C125)
STO 1 YY 29Mar18 129 call (YY180329C129) for a debit limit of $1.15 (selling a diagonal)

BTC 1 YY 23Mar18 125 call (YY180323C125)
STO 1 YY 23Mar18 129 call (YY180323C129) for a debit limit of $2.56 (buying a vertical)

Happy trading.

Terry