March 19, 2020  Terry’s Tips Trade Alert  – Earnings  Eagle    Portfolio

 

We have become negative net delta:

 

BTC 6 TGT 20Mar20 95 puts (TGT200320P95)

STC 6 TGT 19Jun20 95 puts (TGT200619P95) for a credit of $8.00 (selling a calendar)

 

BTO 4 TGT 19Jun20 105 calls (TGT200619C105)

STO 4 TGT 20Mar20 107 calls (TGT200320C107) for a debit of $13.00 (buying 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