June 25, 2021 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

We are entering spreads on JP Morgan Chase (JPM), which reports earnings on July 13:

BTO 2 JPM 20Aug21 150 puts (JPM210820P150)
STO 2 JPM 02Jul21 150 puts (JPM210702P150) for a debit of $3.20 (buying a calendar)

BTO 2 JPM 20Aug21 155 puts (JPM210820P155)
STO 2 JPM 02Jul21 152.5 puts (JPM210702P152.5) for a debit of $4.75 (buying a diagonal)

BTO 2 JPM 20Aug21 155 puts (JPM210820P155)
STO 2 JPM 02Jul21 155 puts (JPM210702P155) for a debit of $3.40 (buying a calendar)

BTO 2 JPM 20Aug21 160 calls (JPM210820C160)
STO 2 JPM 02Jul21 160 calls (JPM210702C160) for a debit of $2.55 (buying a calendar)

BTO 2 JPM 20Aug21 155 calls (JPM210820C155)
STO 2 JPM 02Jul21 155 calls (JPM210702C155) for a debit of $3.30 (buying a calendar)

BTO 2 JPM 20Aug21 155 calls (JPM210820C155)
STO 2 JPM 02Jul21 157.5 calls (JPM210702C157.5) for a debit of $4.10 (buying a diagonal)

BTO 2 JPM 20Aug21 155 calls (JPM210820C155)
STO 2 JPM 02Jul21 152.5 calls (JPM210702C152.5) for a debit of $1.95 (buying a diagonal)


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

Happy trading.

Terry