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