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

  

We have become negative net delta:

 

BTC 1 COST 22Nov19 295 put (COST191122P295)

STO 1 COST 22Nov19 305 put (COST191122P305)

BTO 1 COST 17Apr20 305 put (COST200417P305)

STC 1 COST 17Apr20 295 put (COST200417P295) for a debit of $1.27 (buying a vertical roll)

 

BTC 1 COST 6Dec19 292.5 call (COST191206C292.5)
STC 1 COST 17Apr20 295 call (COST200417C295) for a credit of $9.52 (selling a diagonal)

BTC 2 COST 22Nov19 295 calls (COST191122C295)

STO 2 COST 22Nov19 310 calls (COST191122C310)
BTO 2 COST 17Apr20 310 calls (COST200417C310)
STC 2 COST 17Apr20 295 calls (COST200417C295) for a debit of $.87 (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