November 24, 2020 Terry’s Tips Trade Alert – Earnings  Eagle Portfolio

We have become negative net delta:

BTC 1 TGT 04Dec20 165 put  (TGT201204P165)
STC 1 TGT 15Jan21 160 put  (TGT210115P160) for a credit of $1.50 (selling a diagonal) (100%)

BTC 1 TGT 04Dec20 165 put  (TGT201204P165)
STO 1 TGT 04Dec20 177.5 put  (TGT201204P177.5) for a credit of $2.10 (selling a vertical) (100%)

BTC 1 TGT 04Dec20 167.5 put  (TGT201204P167.5)
STO 1 TGT 04Dec20 180 put  (TGT201204P180) for a credit of $3.40 (selling a vertical) (100%)

BTO 1 TGT 15Jan21 185 put  (TGT210115P185)
STC 1 TGT 15Jan21 165 put  (TGT210115P165) for a debit of $8.60 (buying a vertical) (50%)


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

Happy trading.

Terry