September 22, 2020  Terry’s Tips Trade  Alert  – Honey Badger Portfolio

 

We have become uncomfortably long:

 

BTC 2 AZN 25Sep20 57 puts (AZN200925P57)

STO 2 AZN 25Sep20 55 puts (AZN200925P55) for a debit of $1.25  (buying a vertical)

 

BTC 2 AZN 25Sep20 57.5 calls (AZN200925C57.5)

STO 2 AZN 23Oct20 55 calls (AZN201023C55) for a credit of $2.00 (selling a diagonal)

 

BTO 2 AZN 16Apr21 55 calls (AZN210416C55)

STC 2 AZN 15Jan21 57.5 calls (AZN210115C57.5) for a debit of $2.00 (buying a diagonal)

 

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

Happy trading.

Terry