May 28, 2020  Terry’s Tips Trade Alert #3 – Earnings Eagle Portfolio

 

These trades will make us less negative net delta:

 

BTC 6 TGT 29May20 115 puts (TGT200529P115)
STC 6 TGT 19Jun20 115 puts (TGT200619P115) for a credit of $1.58 (selling a calendar)

BTO 2 TGT 17Jul20 130 calls (TGT200717C130)
STO 2 TGT 5Jun20 128 calls (TGT200605C128) for a debit of $1.88 (buying a diagonal)  

BTO 1 TGT 17Jul20 125 call (TGT200717C125)
STO 1 TGT 5Jun20 127 call (TGT200605C127) for a debit of $3.90 (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