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