July 8, 2021 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

We will reduce delta by cashing in some spreads and starting to roll out to next week:

BTC 2 JPM 09Jul21 157.5 calls (JPM210709C157.5)
STC 2 JPM 20Aug21 160 calls (JPM210820C160) for a credit of $1.85 (selling a diagonal) (100%)

BTC 1 JPM 09Jul21 157.5 call (JPM210709C157.5)
STO 1 JPM 16Jul21 150 call (JPM210716C150) for a credit of $3.05 (selling a diagonal) (100%)

BTO 1 JPM 20Aug21 150 call (JPM210820C150)
STC 1 JPM 20Aug21 155 call (JPM210820C155) for a debit of $2.35 (buying a vertical) (20%)

BTC 2 JPM 09Jul21 155 puts (JPM210709P155)
STC 2 JPM 20Aug21 155 puts (JPM210820P155) for a credit of $3.15 (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