April 2, 2020  Terry’s Tips Trade Alert  – Earnings Eagle  Portfolio

 

Tomorrow, we will only roll over in-the-money expiring options.  Since there is little remaining extrinsic premium in these puts, we might as well roll them today and use the cash to add another lower-strike spread:

 

BTC 3 TGT 03Apr20 97 puts (TGT200403P97)

STO 3 TGT 09Apr20 97 puts (TGT200409P97) for a credit of $.95 (selling a calendar)

 

BTO 1 TGT 19Jun20 90 put (TGT200619P90)

STO 1 TGT 03Apr20 93 put (TGT200403P93) for a debit of $6.00 (buying a diagonal)

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

 

Happy trading.

Terry