May 11, 2020  Terry’s Tips Trade Alert #4  – Earnings  Eagle  Portfolio

 

The stock keeps going up and has made us negative net delta once again:

 

BTC 1 TGT 15May20 114 call (TGT200515C114)

STO 1 TGT 15May20 121 call (TGT200515C121)
BTO 1 TGT 19Jun20 115 call (TGT200619C115)
STC 1 TGT 19Jun20 110 call (TGT200619C110) for a debit of $1.39 (selling a vertical roll)  

BTC 2 TGT 15May20 114 calls (TGT200515C114)
STC 2 TGT 19Jun20 115 calls (TGT200619C115) for a credit of $2.48 (selling a diagonal)

 

BTC 1 TGT 15May20 116 call (TGT200515C116)
STO 1 TGT 15May20 121 call (TGT200515C121) for a debit of $3.10  (buying a vertical)

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

 

Happy trading.

Terry