November 11, 2020  Terry’s Tips Trade  Alert  – Honey Badger Portfolio

 

We are uncomfortably negative net delta:

 

BTC 3 AZN 13Nov20 55.5 calls (AZN201113C55.5) (100%)
STC 3 AZN 15Jan21 55 puts (AZN210115P55) for a credit of $2.00 (selling a diagonal) (60%)

BTC 2 AZN 13Nov20 56 calls (AZN201113C56) (50%)

STO 2 AZN 20Nov20 58 calls (AZN201120C58) for a debit of $1.20 (selling a diagonal)

BTC 2 AZN 13Nov20 56 calls (AZN201113C56) (100%)

STO 2 AZN 20Nov20 58.5 calls (AZN201120C58.5) for a debit of $1.40 (selling a diagonal)

 

BTO 2 AZN 16Apr21 57.5 calls (AZN210416C57.5)

STC 2 AZN 15Jan21 55 calls (AZN210115C55) for a credit of $.10 (buying a diagonal) (100%)

 

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

Happy trading.

Terry