September 20, 2021 Terry’s Tips Trade Alert - Earnings Eagle Portfolio

We need to reduce delta:


BTC 1 SPY 24Sep21 440 put (SPY210924P440)
STO 1 SPY 24Sep21 430 put (SPY210924P430)   
BTO 1 SPY 19Nov21 430 put (SPY211119P430)
STC 1 SPY 19Nov21 440 put (SPY211119P440) for a debit of $0.80 (buying a vertical roll) (100%)

BTC 1 SPY 24Sep21 449 call (SPY210924C449)
STO 1 SPY 24Sep21 438 call (SPY210924C438)   
BTO 1 SPY 19Nov21 438 call (SPY211119C438)
STC 1 SPY 19Nov21 445 call (SPY211119C445) for a debit of $1.45 (selling a vertical roll) (100%)

BTC 1 SPY 24Sep21 450 call (SPY210924C450)
STC 1 SPY 19Nov21 450 call (SPY211119C450) for a credit of $5.00 (selling a calendar) (100%)


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

Happy trading.

Terry