August 22, 2023 Terry’s Tips Trade Alert – Honey Badger Portfolio
We are adding spreads and raising delta:
BTO 1 QQQ 20Oct23 365 call (QQQ231020C365)
STO 1 QQQ 01Sep23 374 call (QQQ230901C374) for a debit of $11.75 (buying a diagonal)
BTO 2 QQQ 20Oct23 360 put (QQQ231020P360)
STO 2 QQQ 01Sep23 370 put (QQQ230901P370) for a debit of $1.65 (buying a diagonal)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.