December 11, 2018 Terry’s Tips Trade Alert  #2 – Rising Tide Portfolio

We have become negative net delta once again:

BTC 3 JNJ 14Dec18 145 puts (JNJ181214P145)
STO 3 JNJ 21Dec18 149 puts (JNJ181221P149) for a credit of $2.29 (selling a vertical) 

BTO 3 JNJ 18Apr19 150 puts (JNJ190418P150)
STC 3 JNJ 18Apr19 145 puts (JNJ190418P145) for a debit of $2.27  (buying a vertical) 

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

Happy trading.

 

Terry