November 30, 2020  Terry’s Tips Trade  Alert  –  Honey Badger Portfolio

 

This small trade will reduce our too-positive net delta and increase theta:

 

BTC 1 AZN 04Dec20 56 put (AZN201204P56) (100%)
STO 1 AZN 18Dec20 54 put (AZN201218P54) for a debit of $.92 (selling a vertical)  

 

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

Happy trading.

Terry