May 12, 2020  Terry’s Tips Trade Alert  – Earnings  Eagle  Portfolio

 

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

 

BTC 1 TGT 15May20 115 put (TGT200515P115)

STO 1 TGT 15May20 120 put (TGT200515P120)
BTO 1 TGT 19Jun20 120 put (TGT200619P120)
STC 1 TGT 19Jun20 115 put (TGT200619P115) for a debit of $.98 (buying a vertical roll)

BTC 2 TGT 15May20 118 calls (TGT200515C118)

STO 2 TGT 15May20 125 calls (TGT200515C125)

BTO 2 TGT 19Jun20 125 calls (TGT200619C125)

STC 2 TGT 19Jun20 115 calls (TGT200619C115) for a credit of $1.40 (selling a vertical roll)

BTC 1 TGT 15May20 116 call (TGT200515C116)

STC 1 TGT 19Jun20 115 call (TGT200619C115) for a credit of $3.84 (selling a diagonal)

BTO 1 TGT 19Jun20 125 call (TGT200619C125)
STO 1 TGT 15May20 125 call (TGT200515C125) for a debit of $3.50  (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