December 17, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

If you were assigned stock, sell it at the market and sell the requisite number of JNJ 18Apr19 150 puts (JNJ190418P150). 

Otherwise,

BTC 3 JNJ 21Dec18 149 puts (JNJ181221P149)
STC 3 JNJ 18Apr19 150 puts (JNJ190418P150) for a credit of $1.60 (selling a diagonal)

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

Happy trading.

Terry