May 4, 2021 Terry’s Tips Trade Alert #2 – Honey  Badger Portfolio
 
We continue to reduce delta, this time on the put side:  

BTC 1 QQQ 07May21 338 put (QQQ210507P338)
STO 1 QQQ 07May21 328 put (QQQ210507P328) for a debit of $7.10 (buying a vertical) (100%)

BTC 1 QQQ 07May21 337 put (QQQ210507P337)
STO 1 QQQ 07May21 326 put (QQQ210507P326) for a debit of $7.05 (buying a vertical) (50%)

BTC 1 QQQ 07May21 337 put (QQQ210507P337)
STO 1 QQQ 07May21 324 put (QQQ210507P324) for a debit of $7.80 (buying a vertical) (100%)

BTO 1 QQQ 16Jul21 331 put (QQQ210716P331)
STC 1 QQQ 18Jun21 341 put (QQQ210618P341) for a credit of $2.35 (buying a diagonal) (100%)

BTO 1 QQQ 16Jul21 329 put (QQQ210716P329)
STC 1 QQQ 18Jun21 339 put (QQQ210618P339) for a credit of $2.00 (buying a diagonal) (100%)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry