May 10, 2023 Terry’s Tips Trade Alert – Honey Badger Portfolio
In preparation for rolling out both shorts and longs this week, we are closing spreads to raise delta:
BTC 1 QQQ 12May23 312 put (QQQ230512P312)
STC 1 QQQ 16Jun23 313 put (QQQ230616P313) for a credit of $3.90 (selling a diagonal) (50%)
BTC 2 QQQ 12May23 315 put (QQQ230512P315)
STC 2 QQQ 16Jun23 316 put (QQQ230616P316) for a credit of $4.50 (selling a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.