August 15, 2025 Terry’s Tips Trade Alert – Honey Badger Portfolio
We are closing a call spread and lowering a short put to reduce delta and preserve theta:
BTC 1 QQQ 15Aug25 583 call (QQQ250815C583)
STC 1 QQQ 17Oct25 565 call (QQQ251017C565) for a credit of $26.90 (selling a diagonal)
BTC 1 QQQ 05Sep25 585 put (QQQ250905P585)
STO 1 QQQ 05Sep25 575 put (QQQ250905P575) for a debit of $4.40 (buying a vertical)
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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