January 27, 2021  Terry’s Tips Trade  Alert  – Earnings Eagle Portfolio

 

This trade might salvage this earnings play where we got caught being a bit too bearish while the company crushed estimates:

 

BTO 2 JNJ 16Apr21 170 calls (JNJ210416C170)
STO 2 JNJ 29Jan21 170 calls (JNJ210129C170) for a debit of $5.75  (buying a calendar)  

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

Happy trading.

Terry