November 13, 2019  Terry’s Tips Trade Alert – Earnings Eagle  Portfolio   

  

WMT announces before the open tomorrow and we have become negative net delta.  We will add on a spread at a higher strike:

 

BTO 20 WMT 27Dec19 124 calls (WMT191227C124)

STO 20 WMT 15Nov19 124 calls (WMT191115C124) for a debit of $.61  (buying a calendar)

 

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

 

Happy trading.

Terry