May 11, 2020  Terry’s Tips Trade Alert  –  Honey Badger  Portfolio

 

We have become negative net delta:

 

BTC 5 MSFT 15May20 180 puts (MSFT200515P180)

STO 5 MSFT 15May20 190 puts (MSFT200515P190)
BTO 5 MSFT 22May20 190 puts (MSFT200522P190)
STC 5 MSFT 22May20 180 puts (MSFT200522P180) for a debit of $.40 (buying a vertical roll)

BTC 7 MSFT 15May20 180 puts (MSFT200515P180)

STO 7 MSFT 15May20 187.5 puts (MSFT200515P187.5)
BTO 7 MSFT 29May20 187.5 puts (MSFT200529P187.5)
STC 7 MSFT 29May20 180 puts (MSFT200529P180) for a debit of $.60 (buying a 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