November 29, 2018 Terry’s Tips Trade Alert Rising Tide Portfolio

We have become negative net delta:

BTC 5 JNJ 7Dec18 145 puts (JNJ181207P145)
STO 5 JNJ 7Dec18 147 puts (JNJ181207P147) for a credit of $.74 (selling a vertical)

BTO 2 JNJ 18Apr19 150 puts (JNJ190418P150)
STC 2 JNJ 18Apr19 145 puts (JNJ190418P145) for a debit of $2.35  (buying a vertical)

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

Happy trading.

Terry