August 11, 2020 Terry’s Tips Trade Alert  #2 - Earnings  Eagle Portfolio

We need to reduce delta:

BTC 1 TGT 14Aug20 133 put (TGT200814P133)
STO 1 TGT 14Aug20 130 put (TGT200814P130) for a debit of $1.45 (buying a vertical)

BTC 1 TGT 14Aug20 133 put (TGT200814P133)
STO 1 TGT 14Aug20 131 put (TGT200814P131) for a debit of $1.15 (buying a vertical)

BTO 1 TGT 16Oct20 130 put (TGT201016P130)
STC 1 TGT 16Oct20 135 put (TGT201016P135) for a credit of $2.50 (selling a vertical)


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

Happy trading.

Terry