November 30, 2023  Terry’s Tips Trade Alert – Honey Badger Portfolio

November 30, 2023  Terry’s Tips Trade Alert – Honey Badger Portfolio
 
We are adding spreads to reduce delta:    


BTO 2 QQQ 19Jan24 385 put (QQQ240119P385)
STO 2 QQQ 08Dec23 380 put (QQQ231208P380) for a debit of $6.20 (buying a diagonal)  
BTO 1 QQQ 19Jan24 390 put (QQQ240119P390)
STO 1 QQQ 08Dec23 382 put (QQQ231208P382) for a debit of $8.00 (buying a diagonal)

BTO 1 QQQ 19Jan24 390 put (QQQ240119P390)
STO 1 QQQ 08Dec23 386 put (QQQ231208P386) for a debit of $6.60 (buying a diagonal)  
BTC 1 QQQ 08Dec23 398 call (QQQ231208C398)
STO 1 QQQ 08Dec23 387 call (QQQ231208C387) for a credit of $3.10 (buying a vertical) (100%)


Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading,

Jon