May 10, 2021 Terry’s Tips Trade Alert   – Honey  Badger Portfolio
 
We need to reduce delta:  

BTC 1 QQQ 14May21 336 put (QQQ210514P336)
STO 1 QQQ 14May21 325 put (QQQ210514P325)
BTO 1 QQQ 16Jul21 325 put (QQQ210716P325)
STC 1 QQQ 16Jul21 336 put (QQQ210716P336) for a debit of $0.95 (buying a vertical roll) (100%)

BTC 1 QQQ 14May21 335 put (QQQ210514P335)
STO 1 QQQ 14May21 324 put (QQQ210514P324)
BTO 1 QQQ 16Jul21 324 put (QQQ210716P324)
STC 1 QQQ 16Jul21 335 put (QQQ210716P335) for a debit of $0.55 (buying a vertical roll) (100%)

BTC 1 QQQ 14May21 334 put (QQQ210514P334)
STO 1 QQQ 14May21 323 put (QQQ210514P323)
BTO 1 QQQ 16Jul21 323 put (QQQ210716P323)
STC 1 QQQ 16Jul21 335 put (QQQ210716P335) for a credit of $0.30 (buying 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