November 6, 2025 Terry’s Tips Trade Alert – Honey Badger Portfolio
We are rolling out and rolling down calls to reduce delta and increase theta:
BTC 1 QQQ 07Nov25 635 call (QQQ251107C635)
STC 1 QQQ 19Dec25 640 call (QQQ251219C640) for a credit of $8.75 (selling a diagonal)
BTC 1 QQQ 07Nov25 630 call (QQQ251107C630)
STC 1 QQQ 19Dec25 630 call (QQQ251219C630) for a credit of $12.80 (selling a calendar)
BTO 1 QQQ 19Dec25 625 call (QQQ251219C625)
STO 1 QQQ 28Nov25 625 call (QQQ251128C625) for a debit of $6.30 (buying a calendar)
BTO 1 QQQ 19Dec25 620 call (QQQ251219C620)
STO 1 QQQ 28Nov25 620 call (QQQ251128C620) for a debit of $6.45 (buying a calendar)
BTC 1 QQQ 07Nov25 627 call (QQQ251107C627)
STO 1 QQQ 07Nov25 617 call (QQQ251107C617) for a credit of $3.25 (buying a vertical)
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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