November 18, 2018 Terry’s Tips Trade Alert #2 - Rising Tide Portfolio

JNJ is up while the market is down, and we have become negative net delta once again:

BTC 2 JNJ 23Nov18 147 calls (JNJ181123C147)

STO 2 JNJ 23Nov18 149 calls (JNJ181123C149) for a debit of $.92  (buying a vertical)  

 

BTO 1 JNJ 18Apr19 150 call (JNJ190418C150)

STC 1 JNJ 18Apr19 145 call (JNJ190418C145) for a credit of $2.70 (selling a vertical) 

 

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

 

Happy trading.

Terry