September 29, 2021 Terry’s Tips Trade Alert - Earnings Eagle Portfolio

We are reducing delta and adding a spread:


BTO 1 SPY 19Nov21 445 call (SPY211119C445)
STO 1 SPY 08Oct21 438 call (SPY211008C438) for a debit of $2.60 (buying a diagonal)

BTC 1 SPY 08Oct21 442 put (SPY211008P442)
STO 1 SPY 08Oct21 432 put (SPY211008P432)
BTO 1 SPY 19Nov21 432 put (SPY211119P432)
STC 1 SPY 19Nov21 442 put (SPY211119P442) for a debit of $0.60 (buying a vertical roll) (100%)

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

Happy trading.

Terry