May 11, 2023 Terry’s Tips Trade Alert – Earnings Eagle Portfolio
We begin rolling out shorts and longs. We are rolling longs to September since it is inexpensive and to avoid having to roll as often:
BTC 3 TLT 12May23 103 put (TLT230512P103)
STO 3 TLT 02Jun23 105 put (TLT230602P105) for a credit of $1.55 (selling a diagonal) (100%)
BTO 2 TLT 15Sep23 106 put (TLT230915P106)
STC 2 TLT 16Jun23 105 put (TLT230616P105) for a debit of $2.40 (buying a diagonal) (100%)
BTC 3 TLT 12May23 103 call (TLT230512C103)
STO 3 TLT 02Jun23 106 call (TLT230602C106) for a debit of $0.80 (selling a diagonal) (100%)
BTO 3 TLT 15Sep23 104 call (TLT230915C104)
STC 3 TLT 16Jun23 103 call (TLT230616C103) for a debit of $1.85 (buying a diagonal) (100%)
Be prepared to change this (these) price limit(s) by $.05 or more in order to get an execution.
Happy trading.
Jon
Follow Terry's Tips on Twitter
Like Terry's Tips on Facebook
Watch Terry's Tips on YouTube