May 18, 2020  Terry’s Tips Trade Alert  #2 – Honey Badger  Portfolio

 

We are still negative net delta:

 

BTC 8 MSFT 22May20 180 puts (MSFT200522P180)

STO 8 MSFT 22May20 187.5 puts (MSFT200522P187.5)

BTO 8 MSFT 05Jun20 187.5 puts (MSFT200605P187.5)

STC 8 MSFT 05Jun20 180 puts (MSFT200605P180) for a debit of $.07 (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.