January 26, 2017 Trade Alert  -  Earnings Eagle  Portfolio

We have been waiting for some profit-taking to take place, but the stock has done nothing but move steadily higher.  Time to bite the bullet and avoid a possible assignment:

BTC 6 BA 27Jan17 157.5 calls (BA170127C157.5)
STC 6 BA 3Mar17 157.5 calls (BA170303C157.5) for a credit of $.15 (selling a calendar) 

BTC 10 BA 27Jan17 160 calls (BA170127C160)
STC 10 BA 3Mar17 160 calls (BA170303C160) for a credit of $.35 (selling a calendar)

BTC 14 BA 27Jan17 162.5 calls (BA170127C162.5)
STC 14 BA 3Mar17 162.5 calls (BA170303C162.5) for a credit of $.60 (selling a calendar)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

 

Terry