March 31, 2020  Terry’s Tips Trade Alert – Honey Badger  Portfolio

 

It looks like the market thinks MSFT is one of the few companies that will benefit from the virus.  We need to get longer.  We will wait to see how much cash we collect before placing a new trade:

BTC 5 MSFT 03Apr20 150 puts (MSFT200403P150)
STC 5 MSFT 17Apr20 150 puts (MSFT200417P150) for a credit of $2.46 (selling a calendar)

BTC 5 MSFT 03Apr20 150 calls (MSFT200403C150)
STC 5 MSFT 09Apr20 150 calls (MSFT200409C150) for a credit of $1.33 (selling 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