May 29, 2020  Terry’s Tips Trade Alert #2  – Honey Badger  Portfolio

 

We will be closing down our positions.  IV has fallen so much that this short-term strategy no longer looks very promising:

 

BTC 8 MSFT 29May20 185 calls (MSFT200529C185) for $.04 (no commission)

 

STC 8 MSFT 05Jun20 185 calls (MSFT200605C185) for $1,70

 

BTC 4 MSFT 29May20 177.5 puts (MSFT200529P177.5) for $.02 (no commission)

 

STC 4 MSFT 12Jun20 177.5 puts (MSFT200612P177.5) for $1.59

 

BTC 8 MSFT 29May20 180 puts (MSFT200529P180) for $.02 (no commission)

 

STC 8 MSFT 12Jun20 180 puts (MSFT200612P180) for $2.29

 

BTC 5 MSFT 29May20 182.5 puts (MSFT200529P182.5)

STC 5 MSFT 05Jun20 182.5 puts (MSFT200605P182.5) for a credit of $1.85 (selling a calendar)

 

BTC 3 MSFT 29May20 182.5 puts (MSFT200529P182.5)

STC 3 MSFT 12Jun20 182.5 puts (MSFT200612P182.5) for a credit of $3.01 (selling a calendar)

 

BTC 2 MSFT 29May20 185 puts (MSFT200529P185)

STC 2 MSFT 05Jun20 185 puts (MSFT200605P185) for a credit of $1.62 (selling 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