May 4, 2021 Terry’s Tips Trade Alert – Honey  Badger Portfolio
 
We need to reduce delta. We’ll begin by selling the furthest out-of-the-money call spreads:  

BTO 1 QQQ 16Jul21 338 call (QQQ210716C338)
STC 1 QQQ 16Jul21 350 call (QQQ210716C350) for a debit of $4.55 (buying a vertical) (100%)

BTO 1 QQQ 16Jul21 342 call (QQQ210716C342)
STC 1 QQQ 16Jul21 348 call (QQQ210716C348) for a debit of $2.20 (buying a vertical) (100%)

BTC 1 QQQ 07May21 344 call (QQQ210507C344)
STC 1 QQQ 18Jun21 338 call (QQQ210618C338) for a credit of $5.90 (selling a diagonal) (100%)

BTC 1 QQQ 07May21 343 call (QQQ210507C343)
STC 1 QQQ 18Jun21 337 call (QQQ210618C337) for a credit of $6.35 (selling a diagonal) (100%)

BTC 1 QQQ 07May21 342 call (QQQ210507C342)
STC 1 QQQ 18Jun21 337 call (QQQ210618C337) for a credit of $6.35 (selling 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