November 5, 2019  Terry’s Tips Trade Alert   – Honey Badger  Portfolio   

  

We have become negative net delta:

 

BTC 1 COST 22Nov19 290 put (COST191122P290)

STO 1 COST 22Nov19 300 put (COST191122P300)

BTO 1 COST 19Jun20 300 put (COST200619P290)

STC 1 COST 19Jun20 290 put (COST200619P290) for a debit of $1.22 (buying a vertical roll)

 

BTC 1 COST 22Nov19 292.5 call (COST191122C292.5)

STO 1 COST 6Dec19 292.5 call (COST191206C292.5) for a credit of $1.45 (selling a calendar)

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

 

Happy trading.

Terry