February 20, 2020  Terry’s Tips Trade Alert  –  Earnings  Eagle  Portfolio

                                                                            

The stock doesn’t show any signs of moving lower, so we might as well bite the bullet:

BTC 5 ADI 21Feb20 110 puts (ADI200221P110) for $.05 (no commission)

STC 5 ADI 20Mar20 110 puts (ADI200320P110) for $.45

BTC 5 ADI 21Feb20 115 calls (ADI200221C115)
STC 5 ADI 20Mar20 115 calls (ADI200320C115) for a credit of $.45 (selling a calendar)

BTC 5 ADI 21Feb20 118 calls (ADI200221C118)
STC 5 ADI 13Mar20 118 calls (ADI200313C118) for a credit of $.55 (selling a calendar)

BTC 5 ADI 21Feb20 122 calls (ADI200221C122)
STC 5 ADI 13Mar20 122 calls (ADI200313C122) for a credit of $1.20 (selling a calendar)

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

Happy trading.

Terry