December 6, 2023 Terry’s Tips Trade Alert – Earnings Eagle Portfolio
We are reducing delta:
BTC 1 XOP 15Dec23 146 call (XOP231215C146)
STC 1 XOP 19Jan24 140 call (XOP240119C140) for a credit of $1.70 (selling a diagonal) (100%)
BTC 1 XOP 15Dec23 139 put (XOP231215P139)
STC 1 XOP 19Jan24 135 put (XOP240119P135) for a debit of $0.70 (selling a diagonal) (100%)
BTC 1 XOP 15Dec23 137 put (XOP231215P137)
STO 1 XOP 15Dec23 131 put (XOP231215P131) for a debit of $3.50 (buying a vertical) (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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