February 27, 2020  Terry’s Tips Trade Alert  –  Earnings Eagle  Portfolio

                                                                            

We need to add some spreads at lower strikes with the big drop in the stock:

 

BTO 2 TGT 19Jun20 100 puts (TGT200619P100)

STO 2 TGT 6Mar20 100 puts (TGT200306P100) for a debit of $3.31  (buying a calendar)

 

BTO 2 TGT 19Jun20 100 puts (TGT200619P100)

STO 2 TGT 6Mar20 102 puts (TGT200306P102) for a debit of $2.80  (buying a diagonal)

 

BTO 2 TGT 19Jun20 105 puts (TGT200619P105)

STO 2 TGT 6Mar20 103 puts (TGT200306P103) for a debit of $4.38  (buying 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