April 23, 2021 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

We’re going to stick with AXP for a week or two, using the 10K strategy. The stock looks attractive as its implied volatility remains above its historical volatility. We’re rolling out the deepest in-the-money spread first:

BTC 1 AXP 23Apr21 147 put  (AXP210423P147)
STO 1 AXP 30Apr21 143 put  (AXP210430P143) for a debit of $1.65 (selling a diagonal) (100%)


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

Happy trading.

Terry