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

 

These trades will eliminate most of the maintenance requirement and get us a little more neutral net delta:

 

BTO 1 TGT 21Aug20 120 call (TGT200821C120)
STC 1 TGT 17Jul20 125 call (TGT200717C125) for a debit of $5.30 (buying a diagonal)

BTC 4 TGT 26Jun20 124 puts (TGT200626P124)

STO 4 TGT 2Jul20 124 puts (TGT200702P124) for a credit of $.77 (selling a calendar)

 

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

 

Happy trading.

 

Terry