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October 4, 2023 Terry’s Tips Trade Alert – Earnings Eagle Portfolio

October 4, 2023 Terry’s Tips Trade Alert – Earnings Eagle  Portfolio

With XOP down nearly 4% again today, we are lowering delta:    


BTC 1 XOP 20Oct23 153 call (XOP231020C153)
STC 1 XOP 15Dec23 155 call (XOP231215C155) for a credit of $2.10 (selling a diagonal) (100%)

BTC 1 XOP 20Oct23 151 call (XOP231020C151)
STC 1 XOP 15Dec23 150 call (XOP231215C150) for a credit of $3.20 (selling a diagonal) (100%)

BTC 1 XOP 20Oct23 146 put (XOP231020P146)
STO 1 XOP 20Oct23 136 put (XOP231020P136) for a debit of $6.55 (buying a vertical) (100%)

BTO 1 XOP 15Dec23 140 put (XOP231215P140)
STC 1 XOP 15Dec23 150 put (XOP231215P150) for a credit of $6.45 (selling a vertical) (50%)

BTC 1 XOP 20Oct23 144 put (XOP231020P144)
STO 1 XOP 20Oct23 134 put (XOP231020P134) for a debit of $5.75 (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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