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

 

We have become negative net delta:

 

BTC 5 TGT 05Jun20 128 calls (TGT200605C128)

STC 5 TGT 17Jul20 125 calls (TGT200717C125) for a credit of $1.40 (selling a diagonal)

 

BTC 4 TGT 05Jun20 128 calls (TGT200605C128)

STC 4 TGT 17Jul20 130 calls (TGT200717C130) for a credit of $.60 (selling a diagonal)

 

BTC 1 TGT 29May20 122 call (TGT200529C122) for $.04 (no commission)

 

STC 1 TGT 17Jul20 125 call (TGT200717C125) for $1.47

 

BTC 8 TGT 29May20 120 puts (TGT200529P120)

STO 8 TGT 29May20 115 puts (TGT200529P115)
BTO 8 TGT 19Jun20 115 puts (TGT200619P115)
STC 8 TGT 19Jun20 120 puts (TGT200619P120) for a debit of $.92 (selling 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