May 20, 2020  Terry’s Tips Trade Alert  – Earnings  Eagle  Portfolio

 

Our positive net delta is uncomfortably high:

 

BTC 3 TGT 22May20 130 calls (TGT200522C130)
STO 3 TGT 5Jun20 128 calls (TGT200605C128) for a credit of $.77 (selling a diagonal)

 

BTC 6 TGT 22May20 128 calls (TGT200522C128)

STO 6 TGT 5Jun20 128 calls (TGT200605C128) for a credit of $.72 (selling a calendar)

 

BTO 1 TGT 17Jul20 125 call (TGT200717C125)

STC 1 TGT 19Jun20 130 call (TGT200619C130) for a debit of $2.92 (buying a diagonal)

 

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

 

Happy trading.

Terry