November 18, 2020 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

With TGT up more than 2% after earnings, we need to raise delta by closing the deepest out-of-the-money put spreads:

BTC 2 TGT 20Nov20 152.5 puts  (TGT201120P152.5)
STC 2 TGT 18Dec20 160 puts  (TGT201218P160) for a credit of $2.30 (selling a diagonal) (100%)

BTC 2 TGT 20Nov20 155 puts  (TGT201120P155)
STC 2 TGT 18Dec20 160 puts  (TGT201218P160) for a credit of $2.30 (selling a diagonal) (100%)

BTC 1 TGT 20Nov20 155 put  (TGT201120P155)
STC 1 TGT 18Dec20 165 put  (TGT201218P165) for a credit of $3.90 (selling a diagonal) (100%)

BTC 2 TGT 20Nov20 157.5 puts  (TGT201120P157.5)
STC 2 TGT 15Jan21 150 puts (TGT210115P150) for a credit of $1.65 (selling a diagonal) (100%)

BTO 1 TGT 15Jan21 175 put (TGT210115P175)
STC 1 TGT 15Jan21 155 put (TGT210115P155) for a debit of $8.80 (buying a vertical) (33%)

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

Happy trading.

Terry