July 8, 2020  Terry’s Tips Trade Alert  – Earnings  Eagle  Portfolio

 

We have become uncomfortably long and the stock is showing no inclination to move higher:

 

BTO 4 TGT 14Aug20 120 puts (TGT200814P120)

STC 4 TGT 17Jul20 124 puts (TGT200717P124) for a credit of $.95 (buying a diagonal)

 

BTO 2 TGT 14Aug20 125 calls (TGT200814C125)
STC 2 TGT 21Aug21 115 calls (TGT200821C115) for a credit of $5.48 (selling a diagonal)

 

BTO 2 TGT 14Aug20 115 puts (TGT200814P115)
STO 2 TGT 10Jul20 117 puts (TGT200710P117) for a debit of $2.44 (buying a diagonal)

 

BTC 4 TGT 10Jul20 120 puts (TGT200710P120)

STO 4 TGT 10Jul20 117 puts (TGT200710P117) for a debit of $1.79  (buying a vertical)

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.

 

Happy trading.

 

Terry