September 15, 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:


BTO 1 QQQ 19Nov21 375 call (QQQ211119C375)
STC 1 QQQ 15Oct21 378 call (QQQ211015C378) for a debit of $6.35 (buying a diagonal) (100%)

BTC 1 QQQ 17Sep21 384 call (QQQ210917C384)
STO 1 QQQ 17Sep21 376 call (QQQ210917C376) for a credit of $1.20 (selling a vertical) (100%)

BTC 1 QQQ 17Sep21 377 put (QQQ210917P377)
STO 1 QQQ 17Sep21 369 put (QQQ210917P369) for a debit of $3.00 (buying a vertical) (100%)

BTC 1 QQQ 17Sep21 382 call (QQQ210917C382)
STO 1 QQQ 17Sep21 375 call (QQQ210917C375) for a credit of $1.55 (selling a vertical) (100%)

BTO 1 QQQ 19Nov21 378 call (QQQ211119C378)
STC 1 QQQ 15Oct21 385 call (QQQ211015C385) for a debit of $7.50 (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