September 13, 2021 Terry’s Tips Trade Alert – Honey  Badger Portfolio
 
We need to reduce delta, so we are rolling some short strikes lower and rolling out some longs:


BTC 1 QQQ 17Sep21 385 call (QQQ210917C385)
STO 1 QQQ 17Sep21 377 call (QQQ210917C377) for a credit of $1.85 (selling a vertical) (100%)

BTC 1 QQQ 17Sep21 379 put (QQQ210917P379)
STO 1 QQQ 17Sep21 371 put (QQQ210917P371) for a debit of $3.35 (buying a vertical) (100%)

BTC 1 QQQ 17Sep21 378 put (QQQ210917P378)
STO 1 QQQ 17Sep21 370 put (QQQ210917P370) for a debit of $2.95 (buying a vertical) (100%)

BTO 1 QQQ 19Nov21 380 put (QQQ211119P380)
STC 1 QQQ 15Oct21 384 put (QQQ211015P384) for a debit of $2.25 (buying a diagonal) (100%)

BTO 1 QQQ 19Nov21 378 put (QQQ211119P378)
STC 1 QQQ 15Oct21 382 put (QQQ211015P382) for a debit of $2.50 (buying a diagonal) (100%)


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

Happy trading.

Terry