December 16, 2020 Terry’s Tips Trade Alert – Earnings  Eagle Portfolio

We will begin rolling far out-of-the-money options to next week to reduce delta:

BTC 2 TGT 18Dec20 165 puts (TGT201218P165)
STO 2 TGT 24Dec20 170 puts (TGT201224P170) for a credit of $1.65 (selling a diagonal) (100%) 

BTC 2 TGT 18Dec20 177.5 calls (TGT201218C177.5)
STO 2 TGT 24Dec20 172.5 calls (TGT201224C172.5) for a credit of $1.60 (selling a diagonal) (50%) 

BTC 2 TGT 18Dec20 177.5 calls (TGT201218C177.5)
STO 2 TGT 24Dec20 175 calls (TGT201224C175) for a credit of $0.80 (selling a diagonal) (100%) 

BTO 1 TGT 29Jan21 172.5 call (TGT210129C172.5)
STC 1 TGT 15Jan21 175 call (TGT210115C175) for a debit of $2.10 (buying a diagonal) (14%) 


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

Happy trading.

Terry