November 6, 2017  Trade Alert  -   Honey Badger  Portfolio

We will hedge our bet a little and add a lower-strike calendar.  Unfortunately, when we placed the original calendar on YY, the thinkorswim platform was reporting that the announcement date was November 21, and now we have learned that the date is one week earlier.  We had wanted to avoid carrying this thing through the announcement date, but we are stuck with it now.

BTO 10 YY 24Nov17 94 calls (YY171124C94)
STO 10 YY 17Nov17 94 calls (YY171117C94) for a debit of $.60 (buying a calendar)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

 

Terry