August 12, 2022 Terry’s Tips Trade Alert – Honey Badger Portfolio
We will start rolling out to raise delta:
BTC 1 QQQ 12Aug22 308 put (QQQ220812P308)
STO 1 QQQ 19Aug22 321 put (QQQ220819P321)
BTO 1 QQQ 16Sep22 321 put (QQQ220916P321)
STC 1 QQQ 16Sep22 308 put (QQQ220916P308) for a debit of $1.40 (selling a custom vertical roll) (100%)
BTC 1 QQQ 12Aug22 316 put (QQQ220812P316)
STO 1 QQQ 19Aug22 325 put (QQQ220819P325)
BTO 1 QQQ 16Sep22 325 put (QQQ220916P325)
STC 1 QQQ 16Sep22 316 put (QQQ220916P316) for a credit of $0.20 (selling a custom vertical roll) (100%)
Be 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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