October 23, 2019  Terrys Tips Trade Alert – Honey Badger  Portfolio

     

The stock has fallen sharply and we should roll our highest-strike lower:

 

BTC 1 COST 22Nov19 310 call (COST191122C310)

STO 1 COST 22Nov19 295 call (COST191122C295)
STC 1 COST 17Apr20 310 call (COST200417C310)

BTO 1 COST 17Apr20 295 call (COST200417C295) for a debit of $1.23 (buying a vertical roll)

 

BTO 1 COST 17Apr20 305 call (COST200417C305)

STC 1 COST 17Apr20 300 call (COST200417C300) for a credit of $2.42 (selling a vertical)

 

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

 

Happy trading.

Terry