July 14, 2020 Terry’s Tips Trade Alert – Earnings  Eagle   Portfolio

     

We have become negative net delta.  These trades will help:

 

BTC 5 TGT 17Jul20 125 calls (TGT200717C125

STO 5 TGT 17Jul20 118 calls (TGT200717C118)

BTO 5 TGT 14Aug20 118 calls (TGT200814C118)

STC 5 TGT 14Aug20 125 calls (TGT200814C125) for a debit of $1.00 (buying a vertical roll)

 

BTC 4 TGT 17Jul20 120 puts (TGT200717P120)

STO 4 TGT 17Jul20 117 puts (TGT200717P117)

BTO 4 TGT 14Aug20 117 puts (TGT200814P117)

STC 4 TGT 14Aug20 120 puts (TGT200814P120) for a debit of $.12 (selling a vertical roll)

 

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

 

Happy trading.

Terry