July 30, 2024 Terry’s Tips Trade Alert – Honey Badger Portfolio
We are rolling out to reduce delta, including closing and opening spreads:
BTC 1 QQQ 02Aug24 485 call (QQQ240802C485)
STC 1 QQQ 20Sep24 485 call (QQQ240920C485) for a credit of $4.75 (selling a calendar) (100%)
BTO 1 QQQ 20Sep24 470 call (QQQ240920C470)
STO 1 QQQ 23Aug24 470 call (QQQ240823C470) for a debit of $4.60 (buying a calendar)
BTC 1 QQQ 02Aug24 480 call (QQQ240802C480)
STC 1 QQQ 20Sep24 480 call (QQQ240920C480) for a credit of $5.95 (selling a calendar) (100%)
BTO 1 QQQ 20Sep24 465 call (QQQ240920C465)
STO 1 QQQ 23Aug24 465 call (QQQ240823C465) for a debit of $4.90 (buying a calendar)
BTC 1 QQQ 02Aug24 470 put (QQQ240802P470)
STO 1 QQQ 23Aug24 450 put (QQQ240823P450) for a debit of $7.25 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading,
Jon
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