September 14, 2020  Terry’s Tips Trade  Alert  –  Honey  Badger   Portfolio

 

These trades will make us more neutral net delta and increase theta;

 

BTC 1 AZN 18Sep20 56.5 put (AZN200918P56.5)

STO 1 AZN 18Sep20 54.5 put (AZN200918P54.5)
BTO 1 AZN 15Jan21 55 put (AZN210115P55)
STC 1 AZN 15Jan21 57.5 put (AZN210115P57.5) for a credit of $.04 (selling a vertical roll)

BTC 2 AZN 18Sep20 56 puts (AZN200918P56)

STO 2 AZN 18Sep20 54 puts (AZN200918P54)
BTO 2 AZN 15Jan21 55 puts (AZN210115P55)
STC 2 AZN 15Jan21 57.5 puts (AZN210115P57.5) for a credit of $.22 (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