August 3, 2020 Terry’s Tips Trade Alert  – Earnings  Eagle Portfolio

We need to raise delta and will start buying spreads using the 16Oct series:
 
BTO 2 TGT 16Oct20 125 puts (TGT201016P125)
STO 2 TGT 07Aug20 128 puts (TGT200807P128) for a debit of $4.30 (buying a diagonal)

BTO 2 TGT 16Oct20 130 puts (TGT201016P130)
STO 2 TGT 07Aug20 127 puts (TGT200807P127) for a debit of $7.30 (buying a diagonal)

BTC 9 TGT 07Aug20 125 calls (TGT200807C125)
STC 9 TGT 14Aug20 125 calls (TGT200814C125) for a credit of $0.70 (selling a calendar)

BTC 4 TGT 07Aug20 126 calls (TGT200807C126)
STO 4 TGT 07Aug20 129 calls (TGT200807C129)
BTO 4 TGT 14Aug20 129 calls (TGT200814C129)
STC 4 TGT 14Aug20 126 calls (TGT200814C126) for a debit of $0.05 (selling a vertical roll)

BTC 1 TGT 07Aug20 126 call (TGT200807C126)
STO 1 TGT 07Aug20 129 call (TGT200807C129)
BTO 1 TGT 14Aug20 129 call (TGT200814C129)
STC 1 TGT 14Aug20 123 call (TGT200814C123) for a credit of $2.10 (selling a vertical roll)

BTC 4 TGT 07Aug20 121 puts (TGT200807P121)
STC 4 TGT 14Aug20 121 puts (TGT200814P121) for a credit of $0.30 (selling a calendar)

BTC 6 TGT 07Aug20 122 puts (TGT200807P122)
STC 6 TGT 14Aug20 122 puts (TGT200814P122) for a credit of $0.40 (selling a calendar)

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

Happy trading.

Terry