May 19, 2021 Terry’s Tips Trade Alert #2 - Earnings  Eagle Portfolio

We are lowering the delta for DIS by selling higher-strike spreads:

BTC 2 DIS 21May21 180 calls (DIS210521C180) for $0.04 (100%)

STC 2 DIS 18Jun21 180 calls (DIS210618C180) for $1.45 (100%)

BTC 2 DIS 21May21 175 puts (DIS210521P175)
STC 2 DIS 18Jun21 175 puts (DIS210618P175) for a credit of $2.30 (selling a calendar) (100%)


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

Happy trading.

Terry