October 20, 2020  Terry’s Tips Trade  Alert  –  Honey Badger Portfolio

 

We are uncomfortably long:

 

BTC 3 AZN 23Oct20 55 puts (AZN201023P55)

STO 3 AZN 23Oct20 52.5 puts (AZN201023P52.5)
BTO 3 AZN 15Jan21 52.5 puts (AZN210115P52.5)
STC 3 AZN 15Jan21 55 puts (AZN210115P55) for a debit of $.25 (selling a vertical roll)

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

Happy trading.

Terry