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

  

There is hardly any extrinsic value in the short 295 call.  We can collect more premium and become a bit more positive net delta with these trades which we can do at a credit:

 

BTC 1 COST 22Nov19 295 call (COST191122C295)

STO 1 COST 22Nov19 307.5 call (COST191122C307.5)

STC 1 COST 17Apr20 295 call (COST200417C295)

BTO 1 COST 17Apr20 310 call (COST200417C310) for a credit of $.24 (selling a vertical roll)  

 

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

 

Happy trading.

Terry