May 29, 2020  Terry’s Tips Trade Alert  – 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 190 calls (MSFT200529C190) for $.01 (no commission)

 

STC 8 MSFT 05Jun20 190 calls (MSFT200605C190) for $.28

 

BTC 3 MSFT 29May20 187.5 calls (MSFT200529C187.5) for $.02 (no commission)  

 

STC 3 MSFT 05Jun20 187.5 calls (MSFT200605C187.5) for $.62

 

BTC 8 MSFT 29May20 187.5 puts (MSFT200529P187.5)

STC 8 MSFT 05Jun20 187.5 puts (MSFT200605P187.5) for a credit of $.63 (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