February 24, 2021 Terry’s Tips Trade Alert #2 – Earnings  Eagle Portfolio

We’re going to try to recover some losses by extending our remaining spreads into 5Mar/16Apr spreads. We’ll start with the puts, which have little remaining extrinsic value:

BTC 1 HD 26Feb21 272.5 put (HD210226P272.5)
STO 1 HD 05Mar21 260 put (HD210305P260) for a debit of $8.10 (selling a diagonal) (100%)

BTO 1 HD 16Apr21 260 put (HD210416P260)
STC 1 HD 01Apr21 272.5 put (HD210401P272.5) for a credit of $6.10 (buying a diagonal) (100%)

BTC 1 HD 26Feb21 270 put (HD210226P270)
STO 1 HD 05Mar21 257.5 put (HD210305P257.5) for a debit of $6.70 (selling a diagonal) (100%)

BTO 1 HD 16Apr21 260 put (HD210416P260)
STC 1 HD 01Apr21 270 put (HD210401P270) for a credit of $4.10 (buying a diagonal) (100%)


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

Happy trading.

Terry