April 26, 2021 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

We said in the update that AXP could continue higher and that we probably would be raising delta. With the stock up 3% in early action, we have become negative net delta:

BTC 1 AXP 30Apr21 145 call  (AXP210430C145)
STO 1 AXP 30Apr21 149 call  (AXP210430C149) for a debit of $2.75 (buying a vertical) (100%)

BTC 1 AXP 30Apr21 146 call  (AXP210430C146)
STO 1 AXP 30Apr21 150 call  (AXP210430C150) for a debit of $2.35 (buying a vertical) (100%)

BTC 1 AXP 30Apr21 147 call  (AXP210430C147)
STO 1 AXP 30Apr21 150 call  (AXP210430C150) for a debit of $1.65 (buying a vertical) (100%)

BTO 1 AXP 18Jun21 155 call (AXP210618C155)
STC 1 AXP 18Jun21 145 call (AXP210618C145) for a credit of $4.75 (selling a vertical) (100%)


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

Happy trading.

Terry