June 2, 2020  Terry’s Tips Trade Alert  –  Earnings Eagle  Portfolio

 

This trade will get us a little more positive net delta, increase theta, and get rid of the maintenance requirement while leaving us spare cash to adjust if we need to:

 

BTO 2 TGT 17Jul20 120 calls (TGT200717C120)

STO 2 TGT 05Jun20 121 calls (TGT200605C121) for a debit of $3.87 (buying a diagonal)

 

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

 

Happy trading.