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

 

We have become negative net delta:

 

BTC 2 TGT 06Mar20 97 puts (TGT200306P97)

STC 2 TGT 19Jun20 95 puts (TGT200619P95) for a credit of $3.37 (selling a diagonal)

 

BTC 2 TGT 06Mar20 98 puts (TGT200306P98)

STC 2 TGT 19Jun20 100 puts (TGT200619P100) for a credit of $4.80 (selling a diagonal)

 

BTO 2 TGT 19Jun20 105 calls (TGT200619C105)

STO 2 TGT 06Mar20 108 calls (TGT200306C108) for a debit of $7.40 (buying a diagonal)

 

BTO 2 TGT 19Jun20 110 calls (TGT200619C110)

STO 2 TGT 06Mar20 110 calls (TGT200306C110) for a debit of $5.38  (buying 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