January 28, 2020  Terry’s Tips Trade Alert  – Earnings  Eagle  portfolio

 

With the stock up over $7 we should roll up some spreads to higher strikes:

 

BTC 2 AAPL 31Jan20 300 puts (AAPL200131P300)
STC 2 AAPL 20Mar20 300 puts (AAPL200320P300) for a credit of $4.92 (selling a calendar)

 

BTO 1 AAPL 20Mar20 320 call (AAPL200320C320)
STO 1 AAPL 31Jan20 322.5 call (AAPL200131C322.5) for a debit of $7.10 (buying a diagonal)

 

BTO 1 AAPL 20Mar20 330 call (AAPL200320C330)
STO 1 AAPL 31Jan20 327.5 call (AAPL200131C327.5) for a debit of $4.85 (buying a diagonal)

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

Happy trading.

Terry