November 16, 2018 Terry’s Tips Trade Alert #2 – Rising Tide Portfolio

We have become negative net delta:

BTC 2 JNJ 23Nov18 144 puts (JNJ181123P144)
STO 2 JNJ 23Nov18 147 puts (JNJ181123P147) for a credit of $1.03 (selling a vertical)

BTC 2 JNJ 23Nov18 144 puts (JNJ181123P144)
STO 2 JNJ 23Nov18 148 puts (JNJ181123P148) for a credit of $1.67 (selling a vertical)

BTO 2 JNJ 18Apr19 150 puts (JNJ190418P150)
STC 2 JNJ 18Apr19 145 puts (JNJ190418P145) for a debit of $2.52 (buying a vertical)

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

Happy trading.

Terry