December 4, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 1 JNJ 07Dec18 145 call (JNJ181207C145)
STO 1 JNJ 07Dec18 148 call (JNJ181207C148) for a debit of $1.92 (buying a vertical)

BTO 1 JNJ 18Apr19 150 call (JNJ190418C150)
STC 1 JNJ 18Apr19 145 call (JNJ190418C145) for a credit of $2.72 (selling a vertical)

BTC 1 JNJ 07Dec18 145 put (JNJ181207P145)
STO 1 JNJ 07Dec18 148 put (JNJ181207P148) for a credit of $1.08 (selling a vertical)

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

Happy trading.

Terry