July 29, 2021 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

We have become negative net delta, so we are taking off the lowest-strike put spreads:

BTC 2 MCD 30Jul21 237.5 puts (MCD210730P237.5)
STC 2 MCD 27Aug21 240 puts (MCD210827P240) for a credit of $2.35 (selling a diagonal) (100%)

BTC 2 MCD 30Jul21 240 puts (MCD210730P240)
STC 2 MCD 27Aug21 240 puts (MCD210827P240) for a credit of $2.30 (selling a calendar) (100%)


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

Happy trading.

Terry