July 16, 2025 Terry’s Tips Trade Alert – Honey Badger Portfolio
We are adding spreads to lower delta and add theta:
BTO 1 QQQ 15Aug25 560 put (QQQ250815P560)
STO 1 QQQ 25Jul25 552.5 put (QQQ250725P552.5) for a debit of $8.25 (buying a diagonal)
BTO 1 QQQ 15Aug25 555 put (QQQ250815P555)
STO 1 QQQ 25Jul25 547.5 put (QQQ250725P547.5) for a debit of $7.45 (buying 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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