September 10, 2020 Terry’s Tips Trade Alert  - Earnings  Eagle Portfolio

We can raise delta and increase cash by rolling a put up and out:

BTC 2 TGT 11Sep20 145 puts (TGT200911P145)
STO 2 TGT 18Sep20 148 puts (TGT200918P148) for a credit of $2.00 (selling a diagonal)

BTO 1 TGT 16Oct20 150 put (TGT201016P150)
STC 1 TGT 16Oct20 145 put (TGT201016P145) for a debit of $2.40 (buying a vertical)


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

Happy trading.

Terry