October 23, 2020 Terry’s Tips Trade Alert #2 - Earnings  Eagle Portfolio

We are selling calls and rolling out our longs:

STO 3 TGT 30Oct20 162.5 calls (TGT201030C162.5) for $1.00

BTO 1 TGT 18Dec20 155 call (TGT201218C155)
STC 1 TGT 20Nov20 155 call (TGT201120C155) for a debit of $1.55 (buying a calendar) (100%)

BTO 1 TGT 18Dec20 165 put (TGT201218P165)
STC 1 TGT 20Nov20 170 put (TGT201120P170) for a credit of $1.90 (buying a diagonal) (100%)

BTO 1 TGT 18Dec20 160 put (TGT201218P160)
STC 1 TGT 20Nov20 165 put (TGT201120P165) for a credit of $1.25 (buying a diagonal) (100%)

BTO 2 TGT 18Dec20 155 puts (TGT201218P155)
STC 2 TGT 20Nov20 160 puts (TGT201120P160) for a credit of $0.65 (buying a diagonal) (100%)

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

Happy trading.

Terry