July 23, 2021 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

We have become negative net delta:

BTC 2 MCD 30Jul21 240 calls (MCD210730C240)
STO 2 MCD 30Jul21 250 calls (MCD210730C250)
BTO 2 MCD 27Aug21 250 calls (MCD210827C250)
STC 2 MCD 27Aug21 240 calls (MCD210827C240) for a credit of $0.20 (selling a vertical roll) (100%)

BTC 2 MCD 30Jul21 230 puts (MCD210730P230)
STO 2 MCD 30Jul21 240 puts (MCD210730P240)
BTO 2 MCD 27Aug21 240 puts (MCD210827P240)
STC 2 MCD 27Aug21 230 puts (MCD210827P230) for a debit of $1.05 (buying a vertical roll) (100%)

BTC 2 MCD 30Jul21 232.5 puts (MCD210730P232.5)
STO 2 MCD 30Jul21 242.5 puts (MCD210730P242.5)
BTO 2 MCD 27Aug21 240 puts (MCD210827P240)
STC 2 MCD 27Aug21 230 puts (MCD210827P230) for a debit of $0.40 (buying a vertical roll) (100%)


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

Happy trading.

Terry