March 10, 2023 Terry’s Tips Trade Alert – Earnings Eagle Portfolio
With TLT’s huge surge today, we are closing put spreads to increase delta:
BTC 1 TLT 10Mar23 100 put (TLT230310P100)
STC 1 TLT 21Apr23 105 put (TLT230421P105) for a credit of $2.70 (selling a diagonal) (100%)
BTC 2 TLT 10Mar23 100 put (TLT230310P100)
STC 2 TLT 21Apr23 103 put (TLT230421P103) for a credit of $1.85 (selling a diagonal) (100%)
BTC 1 TLT 10Mar23 101 put (TLT230310P101)
STC 1 TLT 21Apr23 103 put (TLT230421P103) for a credit of $1.85 (selling a diagonal) (100%)
BTC 1 TLT 10Mar23 101 put (TLT230310P101)
STC 1 TLT 21Apr23 102 put (TLT230421P102) for a credit of $1.50 (selling a diagonal) (100%)
BTC 3 TLT 10Mar23 101.5 put (TLT230310P101.5)
STC 3 TLT 21Apr23 100 put (TLT230421P100) for a credit of $0.95 (selling 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
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