October 14, 2020  Terry’s Tips Trade  Alert  – Honey Badger Portfolio

 

With the stock down $1.50 over two days, we have become uncomfortably long:

 

BTC 3 AZN 16Oct20 56 calls (AZN201016C56) for $.05 (100%)

 

STO 3 AZN 30Oct20 55 calls (AZN201030C55) for $.70

 

BTO 1 AZN 15Jan21 55 call (AZN210115C55)

STC 1 AZN 15Jan21 57.5 call (AZN210115C57.5) for a debit of $1.00  (buying a vertical) (100%)

 

BTC 1 AZN 16Oct20 56 put (AZN201016P56)
STO 1 AZN 23Oct20 53.5 put (AZN201023P53.5) for a debit of $1.60 (selling a diagonal) (100%)

 

BTC 2 AZN 16Oct20 55.5 puts (AZN201016P55.5)
STO 2 AZN 23Oct20 54 puts (AZN201023P54) for a debit of $.85 (selling a diagonal) (100%)

 

BTO 2 AZN 15Jan21 55 puts (AZN210115P55)
STC 2 AZN 15Jan21 57.5 puts (AZN210115P57.5) for a credit of $1.60 (selling a vertical) (100%)

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

Happy trading.

Terry