November 28, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 2 JNJ 30Nov18 141 puts (JNJ181130P141)
STO 2 JNJ 7Dec18 145 puts (JNJ181207P145) for a credit of $1.64 (selling a diagonal)

BTC 1 JNJ 30Nov18 142 put (JNJ181130P142)
STO 1 JNJ 7Dec18 145 put (JNJ181207P145) for a credit of $1.57 (selling a diagonal)

BTC 2 JNJ 7Dec18 139 puts (JNJ181207P139)
STO 2 JNJ 7Dec18 145 puts (JNJ181207P145) for a credit of $1.50 (selling a vertical)

BTO 2 JNJ 18Apr19 145 puts (JNJ190418P145)
STC 2 JNJ 18Apr19 140 puts (JNJ190418P140) for a debit of $1.93 (buying a vertical)

BTC 1 JNJ 30Nov18 140 call (JNJ181130C140)
BTC 1 JNJ 7Dec18 145 call (JNJ181207C145) for a debit of $3.27 (selling a diagonal)

BTC 1 JNJ 30Nov18 140 call (JNJ181130C140)
BTC 1 JNJ 7Dec18 146 call (JNJ181207C146) for a debit of $3.70 (selling a diagonal)

BTC 1 JNJ 30Nov18 141 call (JNJ181130C141)
BTC 1 JNJ 7Dec18 147 call (JNJ181207C147) for a debit of $3.09 (selling a diagonal)

BTO 3 JNJ 18Apr19 145 calls (JNJ190418C145)
STC 3 JNJ 18Apr19 140 calls (JNJ190418C140) for a credit of $3.08 (selling a vertical)

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

Happy trading.

Terry