October 5, 2020 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

TGT is up sharply at the open, so we need to raise delta:

BTC 1 TGT 09Oct20 152.5 put (TGT201009P152.5)
STO 1 TGT 09Oct20 162.5 put (TGT201009P162.5) for a credit of $2.20 (selling a vertical) (100%)

BTO 1 TGT 06Nov20 162.5 put (TGT201106P162.5)
STC 1 TGT 06Nov20 157.5 put (TGT201106P157.5) for a debit of $2.10 (buying a vertical) (100%)

BTC 2 TGT 09Oct20 160 calls (TGT201009C160)
STO 2 TGT 09Oct20 165 calls (TGT201009C165) for a debit of $2.25 (buying a vertical) (67%)

BTO 1 TGT 20Nov20 160 call (TGT201120C160)
STC 1 TGT 20Nov20 150 call (TGT201120C150) for a credit of $6.20 (selling a vertical) (100%)


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

Happy trading.

Terry