November 11, 2019  Terry’s Tips Trade Alert – Honey Badger  Portfolio   

  

We have become too positive net delta:

 

BTC 2 COST 22Nov19 310 puts (COST191122P310)

STO 2 COST 22Nov19 300 puts (COST191122P300)

BTO 2 COST 19Jun20 300 puts (COST200619P300)

STC 2 COST 19Jun20 310 puts (COST200619P310) for a debit of $1.80 (selling a vertical roll)  

 

BTC 1 COST 22Nov19 312.5 call (COST191122C312.5)

STO 1 COST 22Nov19 295 call (COST191122C295)

STC 1 COST 17Apr20 310 call (COST200417C310)

BTO 1 COST 17Apr20 295 call (COST200417C295) for a debit of $.90 (buying a vertical roll)

 

BTC 1 COST 22Nov19 310 call (COST191122C310)

STO 1 COST 13Dec19 310 call (COST191213C310) for a credit of $3.49 (selling a vertical)

  

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

 

Happy trading.

Terry