January 31, 2020  Terry’s Tips Trade Alert #4  – Earnings Eagle  Portfolio

 

These trades are intended to be taken off before the earnings are announced.  ANET announces on February 13 after the close and ADI announces on 2/19 before the open:

 

BTO 2 ANET 20Mar20 220 puts (ANET200320P220)

STO 2 ANET 14Feb20 220 puts (ANET200214P220) for a debit of $2.48  (buying a calendar)

 

BTO 1 ANET 20Mar20 220 put (ANET200320P220)

STO 1 ANET 14Feb20 225 put (ANET200214P225) for a debit of $.08 (buying a diagonal)

 

BTO 1 ANET 20Mar20 230 put (ANET200320P230)

STO 1 ANET 14Feb20 225 put (ANET200214P225) for a debit of $5.13 (buying a diagonal)

BTO 2 ANET 20Mar20 230 calls (ANET200320C230)

STO 2 ANET 14Feb20 230 calls (ANET200214C230) for a debit of $3.02  (buying a calendar)

 

BTO 5 ADI 20Mar20 110 puts (ADI200320P110)

STO 5 ADI 21Feb20 110 puts (ADI200221P110) for a debit of $1.48  (buying a calendar)

BTO 5 ADI 20Mar20 115 calls (ADI200320P115)

STO 5 ADI 21Feb20 115 calls (ADI200221C115) for a debit of $.98  (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