December 6, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We should roll out of these puts to eliminate the possibility of assignment:

BTC 1 JNJ 07Dec18 148 put (JNJ181207P148)
STO 1 JNJ 14Dec18 145 put (JNJ181214P145) for a debit of $1.37 (selling a diagonal)

BTC 2 JNJ 07Dec18 147 puts (JNJ181207P147)
STO 2 JNJ 14Dec18 145 put (JNJ181214P145) for a debit of $.46 (selling a diagonal)

BTC 2 JNJ 07Dec18 147 puts (JNJ181207P147)
STO 2 JNJ 14Dec18 146 put (JNJ181214P146) for a credit of $.04 (selling a diagonal)

BTO 1 JNJ 18Apr19 145 put (JNJ190418P145)
STC 1 JNJ 18Apr19 150 put (JNJ190418P150) for a credit of $2.60 (selling a vertical)

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

Happy trading.

Terry