April 28, 2020  Terry’s Tips Trade Alert  –  Earnings  Eagle  Portfolio

 

The stock keeps soaring, and we need to move to higher strikes;

 

BTC 2 TGT 01May20 109 calls (TGT200501C109)
STO 2 TGT 08May20 110 calls (TGT200508C110) for a credit of $.02 (selling a diagonal)

 

BTC 3 TGT 01May20 110 calls (TGT200501C110)
STO 3 TGT 01May20 115 calls (TGT200501C115)
BTO 3 TGT 19Jun20 115 calls (TGT200619C115)
STC 3 TGT 19Jun20 110 calls (TGT200619C110) for a credit of $.20 (selling a vertical roll)

BTC 5 TGT 01May20 105 puts (TGT200501P105)

STO 5 TGT 01May20 110 puts (TGT200501P110)
BTO 5 TGT 19Jun20 110 puts (TGT200619P110)
STC 5 TGT 19Jun20 105 puts (TGT200619P105) for a debit of $1.20 (buying a vertical roll)

BTC 1 TGT 01May20 103 put (TGT200501P103)

STC 1 TGT 19Jun20 105 put (TGT200619P105) for a credit of $4.09 (selling a diagonal)

 

BTO 1 TGT 19Jun20 110 put (TGT200619P110)

STC 1 TGT 19Jun20 105 put (TGT200619P105) for a debit of $1.95  (buying a vertical)

 

 

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

 

Happy trading.

Terry