August 4, 2020 Terry’s Tips Trade Alert  #2 – Earnings  Eagle Portfolio

To add delta, we’re raising some call strikes. Also, we are adding two put spreads using the 16Oct series:
 
BTO 2 TGT 16Oct20 130 puts (TGT201016P130)
STO 2 TGT 07Aug20 130 puts (TGT200807P130) for a debit of $6.00 (buying a calendar)

BTC 4 TGT 07Aug20 128 calls (TGT200807C128)
STO 4 TGT 07Aug20 130 calls (TGT200807C130)
BTO 4 TGT 14Aug20 130 calls (TGT200814C130)
STC 4 TGT 14Aug20 128 calls (TGT200814C128) for a debit of $0.10 (selling a vertical roll)

BTC 4 TGT 07Aug20 128 calls (TGT200807C128)
STO 4 TGT 07Aug20 131 calls (TGT200807C131)
BTO 4 TGT 14Aug20 131 calls (TGT200814C131)
STC 4 TGT 14Aug20 128 calls (TGT200814C128) for a debit of $0.10 (selling a vertical roll)


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

Happy trading.

Terry