February 25, 2025 Terry’s Tips Trade Alert – Honey Badger Portfolio
We are lowering delta by rolling out calls to lower strikes:
BTC 1 QQQ 28Feb25 540 call (QQQ250228C540)
STO 1 QQQ 21Mar25 520 call (QQQ250321C520) for a credit of $8.35 (selling a diagonal)
BTO 1 QQQ 17Apr25 520 call (QQQ250417C520)
STC 1 QQQ 17Apr25 540 call (QQQ250417C540) for a debit of $8.40 (selling a vertical)
BTO 1 QQQ 17Apr25 515 call (QQQ250417C515)
STC 1 QQQ 17Apr25 535 call (QQQ250417C535) for a debit of $9.60 (selling a vertical)
BTC 1 QQQ 28Feb25 535 call (QQQ250228C535)
STO 1 QQQ 21Mar25 515 call (QQQ250321C515) for a credit of $10.90 (selling a diagonal)
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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