May 21, 2020  Terry’s Tips Trade Alert  - Honey Badger  Portfolio

 

We are uncomfortably positive net delta:

 

BTC 8 MSFT 22May20 190 calls (MSFT200522C190)

STO 8 MSFT 29May20 190 calls (MSFT200529C190) for a credit of $.71 (selling a calendar)

 

BTO 2 MSFT 05Jun20 185 puts (MSFT200605P185)
STO 2 MSFT 22May20 185 puts (MSFT200522P185) for a debit of $2.90  (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