March 3, 2021 Terry’s Tips Trade Alert – Honey  Badger Portfolio
 
We need to reduce delta:

BTC 1 QQQ 05Mar21 324 call (QQQ210305C324)
STO 1 QQQ 05Mar21 318 call (QQQ210305C318)
BTO 1 QQQ 16Apr21 318 call (QQQ210416C318)
STC 1 QQQ 16Apr21 324 call (QQQ210416C324) for a debit of $1.60 (selling a vertical roll) (100%)

BTC 1 QQQ 05Mar21 323 call (QQQ210305C323)
STO 1 QQQ 05Mar21 316 call (QQQ210305C316)
BTO 1 QQQ 16Apr21 316 call (QQQ210416C316)
STC 1 QQQ 16Apr21 323 call (QQQ210416C323) for a debit of $1.50 (selling a vertical roll) (100%)

BTC 1 QQQ 05Mar21 322 call (QQQ210305C322)
STO 1 QQQ 05Mar21 314 call (QQQ210305C314)
BTO 1 QQQ 16Apr21 314 call (QQQ210416C314)
STC 1 QQQ 16Apr21 322 call (QQQ210416C322) for a debit of $1.25 (selling 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