March 27, 2020  Terry’s Tips Trade Alert #3  – Honey Badger   Portfolio

 

We will change the limit:

BTC 5 MSFT 27Mar20 155 calls (MSFT200327C155)    
STO 5 MSFT 3Apr20 155 calls (MSFT200403C155) for a credit limit of $4.15 (selling a calendar)  

If that trade executes:

BTO 5 MSFT 17Apr20 155 calls (MSFT200417C155)
STO 5 MSFT 3Apr20 155 calls (MSFT200403C155) for a debit of $3.20  (buying a calendar)

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

Happy trading.

Terry