September 15, 2020  Terry’s Tips Trade  Alert  –  Honey  Badger   Portfolio

 

We have become negative net delta:

 

BTC 1 AZN 18Sep20 53.5 put (AZN200918P53.5)

STO 1 AZN 18Sep20 55.5 put (AZN200918P55.5) for a credit of $.60 (selling a vertical)  

BTC 2 AZN 18Sep20 54 puts (AZN200918P54)

STO 2 AZN 18Sep20 56 puts (AZN200918P56) for a credit of $.60 (selling a vertical)

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry