November 26, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become too long with the stock down so much today:

BTC 1 JNJ 30Nov18 148 call (JNJ181130C148) for $.03 (no commission)

BTC 1 JNJ Dec18 145 call (JNJ181207C145) for $.27

STO  2 JNJ 30Nov18 140 calls (JNJ181130C140) for $1.33

BTO 2 JNJ 18Apr19 140 calls (JNJ190418C140)
STC 2 JNJ 18Apr19 145 calls (JNJ190418C145) for a debit of $2.53 (buying a vertical)

BTC 1 JNJ 30Nov18 142 put (JNJ181130P142)
STC 1 JNJ 18Apr19 145 put (JNJ190418P145) for a credit of $6.24 (selling a diagonal)

BTC 2 JNJ 30Nov18 143 puts (JNJ181130P143)
STO 2 JNJ 7Dec18 139 puts (JNJ181207P139) for a debit of $1.63 (selling a diagonal)

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

Happy trading.

Terry