October 30, 2019  Terry’s Tips Trade Alert #3 – Earnings Eagle  Portfolio

     

We are uncomfortably long and can get shorter while increasing theta:

BTC 1 UAL 01Nov19 95 put (UAL191101P95)
STC 1 UAL 17Jan20 95 put (UAL200117P95) for a credit of $1.95 (selling a calendar)

BTC 1 UAL 01Nov19 94 call (UAL191101C94) for $.03 (no commission)

 

STO 1 UAL 08Nov19 91 call (UAL191108C91) for $1.06

 

Be[Ta1]  prepared to change this (these) price limit(s) by $.05 or more in order to get an executio

Happy trading.

Terry