November 10, 2020  Terry’s Tips Trade  Alert #2 –  Honey Badger Portfolio

 

We are uncomfortably negative net delta:

 

BTC 1 AZN 13Nov20 55 call (AZN201113C55) (100%)

STO 1 AZN 20Nov20 57 call (AZN201120C57) for a debit of $.92 (selling a diagonal)

 

BTC 2 AZN 13Nov20 52 puts (AZN201113P52) (100%)

STC 2 AZN 15Jan21 52.5 puts (AZN210115P52.5) for a credit of $1.10 (selling a diagonal)

 

BTO 1 AZN 15Jan21 57.5 put (AZN210115P57.5)

STC 1 AZN 15Jan21 55 put (AZN210115P55) for a debit of $1.25  (buying a vertical) (15%)

 

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

Happy trading.

Terry