November 19, 2018 Terry’s Tips Trade Alert  - Rising Tide Portfolio

We have become negative net delta:

BTC 2 JNJ 23Nov18 145 calls (JNJ181123C145)
STO 2 JNJ 30Nov18 148 calls (JNJ181130C148) for a debit of $1.82 (selling a diagonal)

BTO 1 JNJ 18Apr19 150 call (JNJ190418C150)
STC 1 JNJ 18Apr19 145 call (JNJ190418C145) for a credit of $2.65 (selling a vertical)

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

Happy trading.

Terry