January 13, 2020  Terry’s Tips Trade Alert   – Earnings Eagle  portfolio

 

With the stock down since we bought our original calendars, and a $1.15 dividend scheduled this week, we should add a lower-strike spread to add a little downside protection:

 

BTO 1 PNC 15May20 155 put (PNC200515P155)

STO 1 PNC 17Jan19 155 put (PNC200117P155) for a debit of $5.13  (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