August 4, 2021 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

We are opening spreads on Applied Materials (AMAT), which reports earnings either on Aug. 12 or 19. Option pricing suggests Aug. 19:

BTO 1 AMAT 17Sep21 140 put (MCD210917P140)
STO 1 AMAT 13Aug21 142 put (MCD210813P142) for a debit of $3.45 (buying a diagonal)

BTO 1 AMAT 17Sep21 140 put (MCD210917P140)
STO 1 AMAT 13Aug21 140 put (MCD210813P140) for a debit of $4.35 (buying a calendar)

BTO 1 AMAT 17Sep21 140 put (MCD210917P140)
STO 1 AMAT 13Aug21 138 put (MCD210813P138) for a debit of $4.95 (buying a diagonal)

BTO 1 AMAT 17Sep21 135 put (MCD210917P135)
STO 1 AMAT 13Aug21 136 put (MCD210813P136) for a debit of $3.50 (buying a diagonal)

BTO 1 AMAT 17Sep21 145 call (MCD210917C145)
STO 1 AMAT 13Aug21 143 call (MCD210813C143) for a debit of $3.45 (buying a diagonal)

BTO 1 AMAT 17Sep21 145 call (MCD210917C145)
STO 1 AMAT 13Aug21 145 call (MCD210813C145) for a debit of $4.30 (buying a calendar)

BTO 1 AMAT 17Sep21 145 call (MCD210917C145)
STO 1 AMAT 13Aug21 147 call (MCD210813C147) for a debit of $4.95 (buying a diagonal)

BTO 1 AMAT 17Sep21 150 call (MCD210917C150)
STO 1 AMAT 13Aug21 149 call (MCD210813C149) for a debit of $3.55 (buying a diagonal)


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

Happy trading.

Terry