July 12, 2021 Terry’s Tips Trade Alert - Earnings  Eagle Portfolio

With JPM reporting tomorrow before the bell, we need to get more neutral delta:

BTC 1 JPM 16Jul21 150 put (JPM210716P150)
STO 1 JPM 16Jul21 157.5 put (JPM210716P157.5) for a credit of $1.55 (selling a vertical) (50%)

BTO 1 JPM 20Aug21 155 put (JPM210820P155)
STC 1 JPM 20Aug21 145 put (JPM210820P145) for a debit of $2.30 (buying a vertical) (100%)

BTC 1 JPM 16Jul21 150 call (JPM210716C150)
STO 1 JPM 16Jul21 157.5 call (JPM210716C157.5) for a debit of $5.95 (buying a vertical) (50%)

BTC 1 JPM 16Jul21 152.5 call (JPM210716C152.5)
STO 1 JPM 16Jul21 160 call (JPM210716C160) for a debit of $4.80 (buying a vertical) (50%)

BTC 1 JPM 16Jul21 152.5 call (JPM210716C152.5)
STO 1 JPM 16Jul21 162.5 call (JPM210716C162.5) for a debit of $5.50 (buying a vertical) (100%)

BTO 1 JPM 20Aug21 160 call (JPM210820C160)
STC 1 JPM 20Aug21 150 call (JPM210820C150) for a credit of $6.15 (selling a vertical) (50%)


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

Happy trading.

Terry