July 17, 2024 Terry’s Tips Trade Alert – Honey Badger Portfolio
We are lowering strikes to reduce delta:
BTC 1 QQQ 02Aug24 505 call (QQQ240802C505)
STO 1 QQQ 02Aug24 495 call (QQQ240802C495) for a credit of $2.00 (buying a vertical) (100%)
BTC 1 QQQ 02Aug24 499 put (QQQ240802P499)
STO 1 QQQ 02Aug24 480 put (QQQ240802P480) for a debit of $11.35 (buying a vertical) (100%)
BTO 1 QQQ 20Sep24 485 put (QQQ240920P485)
STC 1 QQQ 20Sep24 500 put (QQQ240920P500) for a credit of $8.00 (selling a vertical) (100%)
BTC 1 QQQ 02Aug24 495 put (QQQ240802P495)
STO 1 QQQ 02Aug24 475 put (QQQ240802P475) for a debit of $9.90 (buying a vertical) (100%)
BTO 1 QQQ 20Sep24 480 put (QQQ240920P480)
STC 1 QQQ 20Sep24 495 put (QQQ240920P495) for a credit of $7.00 (selling a vertical) (50%)
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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