March 13, 2020  Terry’s Tips Trade Alert  – Earnings Eagle  Portfolio

 

We made an error on a trade yesterday.  Fortunately for us, we can reverse it now for a gain because the stock has traded up at the open:

 

STC 4 TGT 27Mar20 108 calls (TGT200327C108) for $.90

 

Note: 2 of these options are STO

 

If you were assigned 102 puts, sell the stock at the market and sell the appropriate number of 20Mar20 102 puts.  Otherwise:

 

BTC 2 TGT 13Mar20 102 puts (TGT200313P102)

STO 2 TGT 20Mar20 102 puts (TGT200320P102) for a credit of $1.35 (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