September 3, 2020  Terry’s Tips Trade Alert – Honey  Badger  Portfolio   

We need to roll over these well in-the-money puts to eliminate the possibility of assignment:

 

BTC 1 AZN 4Sep20 56.5 put (AZN200904P56.5)

STO 1 AZN 18Sep20 56.5 put (AZN200918P56.5) for a credit of $ (selling a calendar)

 

BTC 2 AZN 4Sep20 56 puts (AZN200904P56)

STO 2 AZN 18Sep20 56 puts (AZN200918P56) for a credit of $.57 (selling a calendar)

 

BTC 1 AZN 4Sep20 55.5 put (AZN200904P55.5)

STO 1 AZN 18Sep20 55.5 put (AZN200918P55.5) for a credit of $.95 (selling a calendar)

 

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

 

Happy trading.

Terry