August 12, 2020 Terry’s Tips Trade Alert  - Earnings  Eagle Portfolio

With TGT up sharply at the open, we need to increase delta:

BTC 1 TGT 14Aug20 132 call (TGT200814C132)
STO 1 TGT 14Aug20 135 call (TGT200814C135) for a debit of $1.70 (buying a vertical)

BTC 1 TGT 14Aug20 130 put (TGT200814P130)
STC 1 TGT 16Oct20 130 put (TGT201016P130) for a credit of $5.30 (selling a calendar)

BTC 1 TGT 14Aug20 131 put (TGT200814P131)
STO 1 TGT 14Aug20 134 put (TGT200814P134) for a credit of $1.00 (selling a vertical)

BTC 1 TGT 14Aug20 131 put (TGT200814P131)
STO 1 TGT 14Aug20 133 put (TGT200814P133) for a credit of $0.50 (selling a vertical)

BTO 1 TGT 16Oct20 135 put (TGT201016P135)
STC 1 TGT 16Oct20 130 put (TGT201016P130) for a debit of $2.45 (buying a vertical)


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

Happy trading.

Terry