March 18, 2020  Terry’s Tips Trade Alert  –  Earnings Eagle  Portfolio

 

The market seems to think that people will increase their buying at Target.  We will roll to higher strikes:

 

BTC 4 TGT 20Mar20 90 puts (TGT200320P90)

STO 4 TGT 20Mar20 105 puts (TGT200320P105)
BTO 4 TGT 19Jun20 105 puts (TGT200619P105)
STC 4 TGT 19Jun20 90 puts (TGT200619P90) for a debit of $3.60 (buying a vertical roll)

BTC 2 TGT 20Mar20 91 puts (TGT200320P91)

STC 2 TGT 19Jun20 92.5 puts (TGT200619P92.5) for a credit of $8.50 (selling a diagonal)

 

BTC 4 TGT 20Mar20 93 puts (TGT200320P93)

STO 4 TGT 20Mar20 105 puts (TGT200320P105)
BTO 4 TGT 19Jun20 105 puts (TGT200619P105)
STC 4 TGT 19Jun20 90 puts (TGT200619P90) for a debit of $3.20 (buying a vertical roll)

BTC 5 TGT 20Mar20 92 puts (TGT200320P92)

STC 5 TGT 19Jun20 95 puts (TGT200619P95) for a credit of $8.70 (selling a diagonal)

 

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

 

Happy trading.

Terry