May 27, 2020  Terry’s Tips Trade Alert #2– Earnings Eagle Portfolio

 

We continue to be negative net delta:

 

BTC 2 TGT 29May20 121 calls (TGT200529C121)  

STC 2 TGT 19Jun20 120 calls (TGT200619C120) for a credit of $1.47 (selling a diagonal)

 

BTC 5 TGT 29May20 120 calls (TGT200529C120)

STO 5 TGT 29May20 115 calls (TGT200529C115)
BTO 5 TGT 17Jul20 115 calls (TGT200717C115)
STC 5 TGT 17Jul20 120 calls (TGT200717C120) for a debit of $1.00 (buying a vertical roll)

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

 

Happy trading.

Terry