March 30, 2020  Terry’s Tips Trade Alert  –  Earnings Eagle  Portfolio

 

We will sell weekly options against our uncovered long positions and add some new spreads:

STO 2 TGT 03Apr20 90 puts (TGT200403P90) for $.96

STO 2 TGT 03Apr20 94 puts (TGT200403P94) for $1.98

STO 1 TGT 03Apr20 93 put (TGT200403P93) for $1.62

STO 3 TGT 03Apr20 100 calls (TGT200403C100) for $1.52

 

BTO 2 TGT 19Jun20 90 puts (TGT200619P90)

STO 2 TGT 03Apr20 90 puts (TGT200403P90) for a debit of $5.18  (buying a calendar)

 

BTO 2 TGT 19Jun20 95 puts (TGT200619P95)

STO 2 TGT 03Apr20 92 puts (TGT200403P92) for a debit of $6.78 (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