March 20, 2020  Terry’s Tips Trade Alert #2 –  Earnings  Eagle  Portfolio

 

We will roll these over and let the well out-of-the-money options expire worthless:

 

BTC 2 TGT 20Mar20 101 puts (TGT200320P101)

STO 2 TGT 27Mar20 95 puts (TGT200327P95) for a debit of $.70 (selling a diagonal)

 

BTC 2 TGT 27Mar20 107 calls (TGT200327C107)

STO 2 TGT 27Mar20 100 calls (TGT200327C100)
BTO 2 TGT 19Jun20 100 calls (TGT200619C100)
STC 2 TGT 19Jun20 105 calls (TGT200619C105) for a credit of $.45 (buying a vertical roll)

 

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

 

Happy trading.

Terry