October 7, 2019 Terrys Tips Trade Alert  – Honey Badger Portfolio

We have become negative net delta:

BTO 1 COST 17Apr20 300 call (COST200417C300)
STO 1 COST 18Oct19 297.5 call (COST191018C297.5) for a debit of $15.65 (buying a diagonal)
BTC 1 COST 18Oct19 285 put (COST191018P285)
STO 1 COST 18Oct19 295 put (COST191018P295)

STC 1 COST 17Apr20 285 put (COST200417P285)

BTO 1 COST 17Apr20 295 put (COST200417P295) for a debit of $1.02 (buying a vertical roll)

BTC 1 COST 18Oct19 290 call (COST191018C290)
STO 1 COST 18Oct19 300 call (COST191018C300)
STC 1 COST 19Jun20 290 call (COST200619C290)
BTO 1 COST 19Jun20 300 call (COST200619C300) for a credit of $.10 (selling a vertical roll)

 

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

 

Happy trading.

Terry