March 4, 2020  Terry’s Tips Trade Alert  #2 – Earnings  Eagle  Portfolio

 

We have become negative net delta once again.  We can fix it by rolling over the lowest-strike puts to next week a little early:

 

BTC 2 TGT 06Mar20 100 puts (TGT200306P100)

STO 2 TGT 20Mar20 100 puts (TGT200320P100) for a credit of $.86 (selling a calendar)

 

BTC 2 TGT 06Mar20 102 puts (TGT200306P102)

STO 2 TGT 13Mar20 102 puts (TGT200313P102) for a credit of $.62 (selling a calendar)

 

BTC 2 TGT 06Mar20 103 puts (TGT200306P103)

STO 2 TGT 13Mar20 103 puts (TGT200313P103) for a credit of $.70 (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