November 21, 2018 Terry’s Tips Trade Alert - Rising Tide Portfolio

We have quite a number of in-the-money short puts which we might roll over to avoid the possibility of an early assignment:

BTC 2 JNJ 23Nov18 148 puts (JNJ181123P148)

STO 2 JNJ 30Nov18 144 puts (JNJ181130P144) for a debit of $2.70 (selling a diagonal) 

BTC 2 JNJ 23Nov18 147 puts (JNJ181123P147)

STO 2 JNJ 30Nov18 145 puts (JNJ181130P145) for a debit of $.90 (selling a diagonal)

BTC 2 JNJ 23Nov18 145 puts (JNJ181123P145)

STO 2 JNJ 30Nov18 145 puts (JNJ181130P145) for a credit of $1.10 (selling a calendar) 

BTO 2 JNJ 18Apr19 145 puts (JNJ190418P145)

STC 2 JNJ 18Apr19 150 puts (JNJ190418P150) for a credit of $2.40 (selling a vertical) 

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

Happy trading.

Terry