December 10, 2018 Terry’s Tips Trade Alert – Rising Tide  Portfolio

All our short options are at strikes higher than the stock price.  This will provide a little more downside protection:

BTO 1 JNJ 18Apr19 145 put (JNJ190418P145)
STC 1 JNJ 18Apr19 150 put (JNJ190418P150) for a credit of $2.73 (selling a vertical)

BTC 2 JNJ 14Dec18 146 puts (JNJ181214P146)
STO 2 JNJ 14Dec18 143 puts (JNJ181214P143) for a debit of $1.58 (buying a vertical)

Be prepared to change these price limits by $.05 or more in order to get an execution.

Happy trading.

Terry