March 27, 2020  Terry’s Tips Trade Alert #2  – Honey Badger   Portfolio

 

We can finish rolling out to next week:

BTC 5 MSFT 27Mar20 150 calls (MSFT200327C150)    
STO 5 MSFT 3Apr20 150 calls (MSFT200403C150) for a credit of $3.90 (selling a calendar)   

BTO 5 MSFT 17Apr20 160 calls (MSFT200417C160)
STO 5 MSFT 3Apr20 160 calls (MSFT200403C160) for a debit of $3.00  (buying a calendar)

BTC 5 MSFT 27Mar20 155 calls (MSFT200327C155)    
STO 5 MSFT 3Apr20 155 calls (MSFT200403C155) for a credit limit of $4.50 (selling a calendar)  

If that trade executes:

BTO 5 MSFT 17Apr20 155 calls (MSFT200417C155)
STO 5 MSFT 3Apr20 155 calls (MSFT200403C155) for a debit of $3.20  (buying a calendar)

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry