July 1, 2021 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

We have become negative net delta. Also, JPM goes ex-dividend tomorrow, so we need to roll out our in-the-money calls :

BTC 1 JPM 02Jul21 152.5 call (JPM210702C152.5)
STO 1 JPM 09Jul21 157.5 call (JPM210709C157.5) for a debit of $3.00 (selling a diagonal) (100%)

BTO 2 JPM 20Aug21 160 calls (JPM210820C160)
STC 2 JPM 20Aug21 155 calls (JPM210820C155) for a credit of $2.20 (selling a vertical) (33%)

BTC 1 JPM 02Jul21 155 call (JPM210702C155)
STO 1 JPM 09Jul21 157.5 call (JPM210709C157.5) for a debit of $0.60 (selling a diagonal) (50%)

BTC 1 JPM 02Jul21 155 call (JPM210702C155)
STO 1 JPM 09Jul21 160 call (JPM210709C160) for a debit of $1.10 (selling a diagonal) (100%)


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

Happy trading.

Terry