November 26, 2019  Terry’s Tips Trade Alert – Earnings Eagle  Portfolio   

  

We will take off the lowest-strike spreads to get more neutral net delta:

 

BTC 3 BURL 29Nov19 190 puts (BURL191129P190)  

STC 3 BURL 17Jan20 190 puts (BURL200117P190) for a credit of $1,00 (selling a calendar)

 

BTC 3 BURL 29Nov19 200 puts (BURL191129P200)  

STC 3 BURL 17Jan20 200 puts (BURL200117P200) for a credit of $1.90 (selling a calendar)

 

BTC 3 BURL 29Nov19 200 calls (BURL191129C200)  

STC 3 BURL 17Jan20 200 calls (BURL200117C200) for a credit of $3.75 (selling a calendar)

 

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

 

Happy trading.

Terry