October 12, 2020  Terry’s Tips Trade  Alert  –  Honey Badger Portfolio

 

We have become negative net delta:

 

BTC 2 AZN 16Oct20 54 puts (AZN201016P54)

STO 2 AZN 16Oct20 55.5 puts (AZN201016P55.5) for a credit of $.50 (selling a vertical) (100%)

 

BTO 1 AZN 15Jan21 55 put (AZN210115P55)
STO 1 AZN 16Oct20 56 put (AZN201016P56) for a debit of $2.55 (buying a diagonal)

 

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

Happy trading.

Terry