October 16, 2019  Terrys Tips Trade Alert #2 – Earnings Eagle  Portfolio

     

We will become more neutral net delta and start getting ready for next week:

 

BTC 1 UAL 18Oct19 85 put (UAL191018P82.5)   

STC 1 UAL 17Jan20 85 put (UAL200117P82.5) for a credit of $2.27 (selling a calendar)

 

BTO 1 UAL 17Jan20 92.5 call (UAL200117C92.5)

STO 1 UAL 25Oct19 91 call (UAL191025C91) for a debit of $2.40 (buying a diagonal)

 

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

 

Happy trading.

 

 Terry