November 3, 2022 Terry’s Tips Trade Alert – Honey Badger Portfolio
We are lowering delta and increasing theta by selling two higher-strike call spreads:
BTC 1 QQQ 04Nov22 281 call (QQQ221104C281)
STC 1 QQQ 16Dec22 285 call (QQQ221216C285) for a credit of $3.75 (selling a diagonal) (100%)
BTC 1 QQQ 04Nov22 276 call (QQQ221104C276)
STC 1 QQQ 16Dec22 276 call (QQQ221216C276) for a credit of $6.40 (selling a calendar) (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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