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

 

We have become negative net delta:

 

BTC 8 MSFT 22May20 175 puts (MSFT200522P175)

STC 8 MSFT 29May20 175 puts (MSFT200529P175) for a credit of $.65 (selling a calendar)

 

BTC 4 MSFT 22May20 177.5 puts (MSFT200522P177.5)

STC 4 MSFT 29May20 177.5 puts (MSFT200529P177.5) for a credit of $.80 (selling a calendar)

 

BTC 4 MSFT 22May20 177.5 puts (MSFT200522P177.5)

STC 4 MSFT 05Jun20 177.5 puts (MSFT200605P177.5) for a credit of $1.64 (selling a calendar)

 

BTO 3 MSFT 05Jun20 187.5 calls (MSFT200605C187.5)

STO 3 MSFT 22May20 187.5 calls (MSFT200522C187.5) for a debit of $1.85  (buying a calendar)

 

BTO 3 MSFT 05Jun20 190 calls (MSFT200605C190)
STO 3 MSFT 22May20 190 calls (MSFT200522C190) for a debit of $1.43  (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