May 4, 2021 Terry’s Tips Trade Alert #3 – Honey  Badger Portfolio
 
With QQQ down 9 points, we continue to reduce delta:  

BTC 1 QQQ 07May21 336 put (QQQ210507P336)
STO 1 QQQ 07May21 322 put (QQQ210507P322)
BTO 1 QQQ 18Jun21 323 put (QQQ210618P323)
STC 1 QQQ 18Jun21 337 put (QQQ210618P337) for a debit of $1.35 (buying a vertical roll) (100%)

BTC 1 QQQ 07May21 334 put (QQQ210507P334)
STO 1 QQQ 07May21 320 put (QQQ210507P320)
BTO 1 QQQ 18Jun21 321 put (QQQ210618P321)
STC 1 QQQ 18Jun21 335 put (QQQ210618P335) for a debit of $0.45 (buying a vertical roll) (100%)


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

Happy trading.

Terry