May 21, 2020  Terry’s Tips Trade Alert  – Earnings  Eagle  Portfolio

 

Our positive net delta is uncomfortably high:

 

BTC 6 TGT 22May20 127 calls (TGT200522C127) for $.04 (no commission)

 

BTC 6 TGT 22May20 125 calls (TGT200522C125) for $.05 (no commission)

 

STC 6 TGT 19Jun20 125 calls (TGT200619C125) for $1.70

 

STC 4 TGT 19Jun20 130 calls (TGT200619C130) for $.76

 

BTO 1 TGT 17Jul20 120 put (TGT200717P120)
STO 1 TGT 29May29 118 put (TGT200529P118) for a debit of $6.00 (buying a diagonal)

 

BTO 2 TGT 17Jul20 115 puts (TGT200717P115)
STO 2 TGT 29May29 117 puts (TGT200529P117) for a debit of $2.95 (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