February 22, 2021 Terry’s Tips Trade Alert – Earnings  Eagle Portfolio

We want to be more neutral heading into tomorrow’s earnings. These trades will lower delta toward neutrality:

BTC 1 HD 26Feb21 290 call (HD210226C290)
STO 1 HD 26Feb21 275 call (HD210226C275)
BTO 1 HD 01Apr21 275 call (HD210401C275)
STC 1 HD 01Apr21 290 call (HD210401C290) for a debit of $1.20 (selling a vertical roll) (100%)

BTC 1 HD 26Feb21 287.5 call (HD210226C287.5)
STO 1 HD 26Feb21 275 call (HD210226C275)
BTO 1 HD 01Apr21 275 call (HD210401C275)
STC 1 HD 01Apr21 287.5 call (HD210401C287.5) for a debit of $1.05 (selling a vertical roll) (50%)

BTO 2 HD 01Apr21 267.5 calls (HD210401C267.5)
STO 2 HD 26Feb21 267.5 calls (HD210226C267.5) for a debit of $3.90 (buying a calendar)


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

Happy trading.

Terry