October 16, 2020  Terry’s Tips Trade  Alert  –  Honey Badger Portfolio

 

If you assigned puts, sell the shares at the market and also sell the appropriate number of 23Oct20 53 puts.  Otherwise, execute the following:

 

BTC 2 AZN 16Oct20 54.5 puts (AZN201016P54.5)

STO 2 AZN 23Oct20 53 puts (AZN201023P53) for a debit of $.85 (selling a diagonal) (100%)

 

BTC 2 AZN 16Oct20 55 calls (AZN201016C55)

STO 2 AZN 06Nov11 55 calls (AZN201106C55) for a credit of $.90 (selling a calendar) (100%)

 

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

Happy trading.

Terry