November 6, 2018 Terry’s Tips Trade Alert – Earnings Eagle Portfolio 

 

It is highly unusual to get assigned an option with three months of remaining life, but it has happened to several Auto-Traders in FB, and we must close out our spread.  If you were assigned, sell your shares at the market and also sell the

 

FB 18Jan19170 put.  Otherwise,

BTC 1 FB 18Jan19 185 put (FB190118P185)
STC 1 FB 18Jan19 170 put (FB190118P170) for a debit of $14.30  (buying a vertical) 

 

Be prepared to change this price by $.05 or more in order to get an execution.  

 Happy trading.

Terry