December 12, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 1 JNJ 14Dec18 145 call (JNJ181214C145)
STO 1 JNJ 21Dec18 150 call (JNJ181221C150) for a debit of $2.58 (selling a diagonal)

BTC 1 JNJ 14Dec18 146 call (JNJ181214C146)
STO 1 JNJ 21Dec18 149 call (JNJ181221C149) for a debit of $1.26 (selling a diagonal)

BTO 1 JNJ 18Apr19 150 call (JNJ190418C150)
STC 1 JNJ 18Apr19 145 call (JNJ190418C145) for a credit of $2.85 (selling a vertical)

BTC 2 JNJ 14Dec18 147 puts (JNJ181214P147)
STO 2 JNJ 14Dec18 150 puts (JNJ181214P150) for a credit of $1.52 (selling a diagonal)

BTO 1 JNJ 18Apr19 150 put (JNJ190418P150)
STC 1 JNJ 18Apr19 145 put (JNJ190418P145) for a debit of $2.17 (buying a vertical)

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

Happy trading.

Terry