November 7, 2019  Terry’s Tips Trade Alert #2  – Honey Badger  Portfolio   

  

We have become negative net delta:

 

BTC 2 COST 22Nov19 300 puts (COST191122P300)

STO 2 COST 22Nov19 310 puts (COST191122P310)

BTO 2 COST 19Jun20 310 puts (COST200619P310)

STC 2 COST 19Jun20 300 puts (COST200619P300) for a debit of $.33 (buying a vertical roll)

 

BTC 1 COST 22Nov19 297.5 call (COST191122C297.5)

STO 1 COST 22Nov19 312.5 call (COST191122C312.5)
BTO 1 COST 19Jun20 300 call (COST200619C300)
STC 1 COST 19Jun20 290 call (COST200619C290) for a debit of $2.36 (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