October 14, 2019  Terry’s Tips Trade Alert – Honey Badger  Portfolio

     

We are almost negative net delta and gamma is much higher than net delta so we will roll one call to a higher strike and go out a month because we don’t have enough cash to sell a vertical:

 

BTC 1 COST 18Oct19 295 call (COST191018C295)

STO 1 COST 25Oct19 300 call (COST191025C300) for a debit of $1.82 (selling a diagonal)

 

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

 

Happy trading.

Terry