October 12, 2020 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

We have become negative net delta:

BTC 1 TGT 16Oct20 160 put (TGT201016P160)
STO 1 TGT 16Oct20 165 put (TGT201016P165)
BTO 1 TGT 20Nov20 160 put (TGT201120P160)
STC 1 TGT 20Nov20 155 put (TGT201120P155) for a debit of $0.50 (buying a vertical roll) (100%)

BTC 2 TGT 16Oct20 162.5 calls (TGT201016C162.5)
STO 2 TGT 16Oct20 167.5 calls (TGT201016C167.5) for a debit of $2.60 (buying a vertical) (100%)

BTO 1 TGT 20Nov20 165 call (TGT201120C165)
STC 1 TGT 20Nov20 155 call (TGT201120C155) for a credit of $6.00 (selling 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