November 5, 2018 Terry’s Tips Trade Alert - Rising Tide Portfolio

We have become negative net delta:

BTC 2 JNJ 09Nov18 140 calls (JNJ181109C140)
STO 2 JNJ 09Nov18 143 calls (JNJ181109C143) for a debit of $2.00 (buying a vertical)

BTC 1 JNJ 09Nov18 140 call (JNJ181109C140)
STO 1 JNJ 16Nov18 144 call (JNJ181116C144) for a debit of $1.92 (selling a diagonal)

BTO 3 JNJ 18Apr19 145 calls (JNJ190418C145)
STC 3 JNJ 18Apr19 140 calls (JNJ190418C140) for a credit of $2.69 (selling a vertical)

BTC 3 JNJ 9Nov18 140 puts (JNJ181109P140)   
BTC 3 JNJ 9Nov18 143 puts (JNJ181109P143) for a credit of $.99 (selling a vertical)  

BTO 2 JNJ 18Apr19 145 puts (JNJ190418P145)
STC 2 JNJ 18Apr19 140 puts (JNJ190418P140) for a debit of $2.34 (buying a vertical)

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

Happy trading.

Terry