March 30, 2020  Terry’s Tips Trade Alert  –  Honey Badger  Portfolio

 

With the stock up over $8 today we have become uncomfortably negative net delta:

BTC 5 MSFT 03Apr20 140 calls (MSFT200403C140)
STO 5 MSFT 03Apr20 162.5 calls (MSFT200403C162.5)
BTO 5 MSFT 17Apr20 162.5 calls (MSFT200417C162.5)
STC 5 MSFT 09Apr20 140 calls (MSFT200409C140) for a debit of $1.88 (buying a custom vertical roll)

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

Happy trading.

Terry