May 14, 2020  Terry’s Tips Trade Alert – Honey Badger  Portfolio

 

With the stock falling big-time for the second straight day, we have become uncomfortably long:

 

BTC 12 MSFT 15May20 187.5 calls (MSFT200515C187.5) for $.03 (no commission)

 

STC 12 MSFT 29May20 187.5 calls (MSFT200529C187.5) for $1.02

 

BTC 7 MSFT 15May20 187.5 puts (MSFT200515P187.5)
STC 7 MSFT 29May20 187.5 puts (MSFT200529P187.5) for a credit of $1.30 (selling a calendar)

 

BTC 5 MSFT 15May20 185 calls (MSFT200515C185)

STC 5 MSFT 22May20 185 calls (MSFT200522C185) for a credit of $.80 (selling a calendar)

 

BTC 7 MSFT 15May20 185 calls (MSFT200515C185)

STC 7 MSFT 29May20 185 calls (MSFT200529C185) for a credit of $1.49 (selling a calendar)

 

BTO 12 MSFT 29May20 175 puts (MSFT200529P175)

STO 12 MSFT 15May20 175 puts (MSFT200515P175) for a debit of $3.09  (buying 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