October 29, 2019  Terry’s Tips Trade Alert – Earnings Eagle  Portfolio

     

The stock is down over a dollar today and we will commit the balance of our money by adding some put spreads at strikes below the current stock price, making us more neutral net delta going into earnings:

 

BTO 3 EA 6Dec19 91 puts (EA191206P91)
STO 3 EA 1Nov19 91 puts (EA191001P91) for a debit of $1.06  (buying a calendar)

BTO 3 EA 6Dec19 93 puts (EA191206P93)
STO 3 EA 1Nov19 93 puts (EA191001P93) for a debit of $1.06  (buying a calendar)

BTO 3 EA 6Dec19 95 puts (EA191206P95)
STO 3 EA 1Nov19 95 puts (EA191001P95) for a debit of $1.07  (buying a calendar)

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

Happy trading.

Terry