May 5, 2020  Terry’s Tips Trade Alert  –  Earnings  Eagle  Portfolio

 

We have become negative net delta:

BTC 2 TGT 08May20 105 puts (TGT200508P105)
STC 2 TGT 19Jun20 105 puts (TGT200619P105) for a credit of $4.10 (selling a calendar)

BTC 3 TGT 08May20 110 calls (TGT200508C110)

STO 3 TGT 08May20 114 calls (TGT200508C114)
BTO 3 TGT 19Jun20 115 calls (TGT200619C115)
STC 3 TGT 19Jun20 110 calls (TGT200619C110) for a credit of $.50 (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