April 23, 2020  Terry’s Tips Trade Alert  – Earnings Eagle   Portfolio

 

With the stock moving lower, we need to get less long:

 

BTC 2 TGT 24Apr20 109 calls (TGT200424C109)

STO 2 TGT 1May20 109 calls (TGT200501C109) for a credit of $1.00 (selling a calendar)

 

BTC 1 TGT 24Apr20 108 put (TGT200424P108)
STO 1 TGT 1May20 103 put (TGT200501P103)

BTO 1 TGT 19Jun20 105 put (TGT200619P105)

STC 1 TGT 19Jun20 110 put (TGT200619P110) for a credit of $1.41 (selling a custom vertical roll)

 

 

 

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

Happy trading.

Terry