June 1, 2020  Terry’s Tips Trade Alert  – Earnings Eagle  Portfolio

 

We have uncovered long options to sell weeklies against, and we need to get positive net delta :

 

STO 5 TGT 05Jun20 117 puts (TGT200605P117) for $1.24

 

STO 5 TGT 05Jun20 118 puts (TGT200605P118) for $1.52

 

STO 1 TGT 05Jun20 124 call (TGT200605C124) for $.64

 

BTC 3 TGT 05Jun20 120 calls (TGT200605C120)

STO 3 TGT 05Jun20 123 calls (TGT200605C123)

BTO 3 TGT 17Jul20 125 calls (TGT200717C125)

STC 3 TGT 17Jul20 120 calls (TGT200717C120) for a credit of $1.00 (selling a vertical roll)

 

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

 

Happy trading.

Terry