November 8, 2019  Terry’s Tips Trade Alert – Earnings Eagle  Portfolio    

  

We will sell our lowest-strike spreads to make us more neutral net delta:

 

BTC 2 DIS 8Nov19 128 puts (DIS191108P128) for $.03 (no commission)   

 

STC 2 DIS 13Dec19 128 puts (DIS191213P128) for $.50

 

BTC 2 DIS 8Nov19 130 puts (DIS191108P130) for $.03 (no commission)   

 

STC 2 DIS 20Dec19 130 puts (DIS191220P130) for $1.03

 

BTC 1 DIS 8Nov19 132 call (DIS191108C132)  

STC 1 DIS 13Dec19 132 call (DIS191213C132) for a credit of $.70 (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