February 14, 2020  Terry’s Tips Trade Alert #2  – Earnings Eagle  Portfolio – limit orders

                                                                            

We will take off the only in-the-money short option and wait until Monday to close out the others because of the huge bid-ask spreads that exist:

BTC 1 ANET 14Feb20 225 put (ANET200214P225)
STC 1 ANET 20Mar20 230 put (ANET200320P230) for a credit limit of $9.40 (selling a diagonal)

BTC 1 ANET 14Feb20 225 put (ANET200214P225)

STC 1 ANET 20Mar20 220 put (ANET200320P220) for a credit limit of $4.15 (selling a diagonal)

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry