June 24, 2020  Terry’s Tips Trade Alert #2  –  Earnings  Eagle   Portfolio

 

We are uncomfortably long:

 

BTC 4 TGT 26Jun20 124 puts (TGT200626P124)

STC 4 TGT 17Jul20 124 puts (TGT200717P124) for a credit of $1.750(selling a calendar)

 

BTC 4 TGT 26Jun20 124 puts (TGT200626P124)

STO 4 TGT 26Jun20 120 puts (TGT200626P120)

BTO 4 TGT 17Jul20 120 puts (TGT200717P120)
STC 4 TGT 17Jul20 124 puts (TGT200717P124) for a debit of $.62 (buying 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