July 13, 2021 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

With JPM down 1.8% after earnings, we need to reduce delta:

BTC 1 JPM 16Jul21 162.5 call (JPM210716C162.5)
STC 1 JPM 20Aug21 160 call (JPM210820C160) for a credit of $2.10 (selling a diagonal) (100%)

BTC 2 JPM 16Jul21 160 calls (JPM210716C160)
STO 2 JPM 16Jul21 155 calls (JPM210716C155) for a credit of $1.25 (selling a vertical) (100%)


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

Happy trading.

Terry