May 8, 2017  Trade Alert  -   Honey Badger  Portfolio – limit order

We have gained close to the maximum possible and we can put some money to work on a new spread.  IBD ranks LRCX as one of its highest rankings all around, and we are betting that it will be just as high as it is now in 6 weeks (and we should gain about 60% if it is):

BTC 2 ANET 19May17 130 puts (ANET170519P130)

STC 2 ANET 19May17 125 puts (ANET170519P125) for a debit limit of $.15  (buying a vertical)

If that executes:

BTO 3 LRCX 16Jun17 145 puts (LRCX170616P145)

STO 3 LRCX 16Jun17 150 puts (LRCX170616P150) for a credit of $1.90  (selling a vertical)

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

Happy trading.

Terry