January 29, 2020  Terry’s Tips Trade Alert   – Earnings Eagle  portfolio

 

We will close our lowest-strike spreads to get more neutral net delta:

 

BTC 1 AAPL 31Jan20 305 put (AAPL200131P305)

STC 1 AAPL 20Mar20 305 put (AAPL200320P305) for a credit of $4.55 (selling a calendar)

 

BTC 1 AAPL 31Jan19 307.5 put (AAPL200131P307.5)

STC 1 AAPL 20Mar20 305 put (AAPL200320P305) for a credit of $4.50 (selling a diagonal)

 

BTC 1 AAPL 31Jan19 310 put (AAPL200131P310)

STC 1 AAPL 20Mar20 310 put (AAPL200320P310) for a credit of $5.70 (selling a calendar)

 

BTC 1 AAPL 31Jan19 315 put (AAPL200131P315)

STC 1 AAPL 20Mar20 315 put (AAPL200320P315) for a credit of $6.78 (selling a calendar)

 

BTC 1 AAPL 31Jan19 312.5 put (AAPL200131P312.5)

STC 1 AAPL 20Mar20 315 put (AAPL200320P315) for a credit of $7.10 (selling a diagonal)

 

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

Happy trading.

Terry