July 30, 2020 Terry’s Tips Trade Alert  #3 – Earnings  Eagle Portfolio

We need to raise delta:

BTC 3 TGT 31Jul20 123 calls (TGT200731C123)
STO 3 TGT 07Aug20 127 calls (TGT200807C127)
BTO 3 TGT 14Aug20 127 calls (TGT200814C127)
STC 3 TGT 14Aug20 123 calls (TGT200814C123) for a credit of $0.85 (selling a custom vertical roll)

BTC 8 TGT 31Jul20 124 calls (TGT200731C124)
STO 8 TGT 07Aug20 128 calls (TGT200807C128)
BTO 8 TGT 14Aug20 128 calls (TGT200814C128)
STC 8 TGT 14Aug20 124 calls (TGT200814C124) for a credit of $1.10 (selling a custom vertical roll)

BTC 10 TGT 31Jul20 123 puts (TGT200731P123)
STO 10 TGT 31Jul20 126 puts (TGT200731P126)
BTO 10 TGT 14Aug20 126 puts (TGT200814P126)
STC 10 TGT 14Aug20 123 puts (TGT200814P123) for a debit of $0.30 (buying 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