January 27, 2020  Terry’s Tips Trade Alert #2  – Earnings  Eagle  portfolio

 

With the stock down over $10, we should roll down some spreads to lower strikes:

 

BTC 2 AAPL 31Jan20 330 calls (AAPL200131C330)

STC 2 AAPL 20Mar20 330 calls (AAPL200320C330) for a credit of $4.62 (selling a calendar)

 

BTO 2 AAPL 20Mar20 300 puts (AAPL200320P300)

STO 2 AAPL 31Jan20 300 puts (AAPL200131P300) for a debit of $5.22  (buying a calendar)

 

BTO 1 AAPL 20Mar20 305 put (AAPL200320P305)

STO 1 AAPL 31Jan20 305 put (AAPL200131P305) for a debit of $5.43  (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