October 9, 2019 Terrys Tips Trade Alert #2 – Honey Badger  Portfolio   

While we are not quite negative net delta, gamma is about double net delta so we will quickly become negative if the stock edges up any more.  We should get a bit longer:

BTC 1 COST 18Oct19 292.5 call (COST191018C292.5)
STO 1 COST 18Oct19 302.5 call (COST191018C302.5)
BTO 1 COST 17Apr20 305 call (COST200417C305)
STC 1 COST 17Apr20 295 call (COST200417C295) for a debit of $.47 (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