May 15, 2020  Terry’s Tips Trade Alert –  Earnings  Eagle   Portfolio

 

With the stock up today, we will roll over the lowest-strike spread first and start buying new spreads for next week;

 

BTC 2 TGT 15May20 118 calls (TGT200515C118)  

STO 2 TGT 22May20 118 calls (TGT200522C118) for a credit of $2.84 (selling a calendar)

 

BTO 2 TGT 17Jul20 125 calls (TGT200717C125)

STO 2 TGT 22May20 125 calls (TGT200522C125) for a debit of $2.87  (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