July 27, 2021 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

These trades will get us back near neutral before earnings tomorrow:

BTC 2 MCD 30Jul21 235 puts (MCD210730P235)
STO 2 MCD 30Jul21 245 puts (MCD210730P245)
BTO 2 MCD 27Aug21 245 puts (MCD210827P245)
STC 2 MCD 27Aug21 235 puts (MCD210827P235) for a debit of $0.70 (buying a vertical roll) (100%)

BTC 2 MCD 30Jul21 242.5 calls (MCD210730C242.5)
STO 2 MCD 30Jul21 252.5 calls (MCD210730C252.5)
BTO 2 MCD 27Aug21 250 calls (MCD210827C250)
STC 2 MCD 27Aug21 240 calls (MCD210827C240) for a credit of $1.35 (selling 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