May 5, 2020  Terry’s Tips Trade Alert  –  Honey Badger  Portfolio

 

We have become negative net delta:

BTC 5 MSFT 08May20 170 puts (MSFT200508P170)
STC 5 MSFT 22May20 170 puts (MSFT200522P170) for a credit of $1.55 (selling a calendar)

BTC 10 MSFT 08May20 172.5 puts (MSFT200508P172.5)

STO 10 MSFT 08May20 182.5 puts (MSFT200508P182.5)
BTO 10 MSFT 22May20 182.5 puts (MSFT200522P182.5)
STC 10 MSFT 22May20 172.5 puts (MSFT200522P172.5) for a debit of $1.12 (buying a vertical roll)

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

 

Happy trading.

Terry