November 7, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have become negative net delta:

BTC 1 JNJ 09Nov18 142 put (JNJ181109P142)
STO 1 JNJ 16Nov18 145 put (JNJ181116P145) for a credit of $1.43 (selling a diagonal)
BTC 4 JNJ 09Nov18 143 put (JNJ181109P143)
STO 4 JNJ 16Nov18 145 put (JNJ181116P145) for a credit of $1.29 (selling a diagonal)

BTO 2 JNJ 18Apr19 145 puts (JNJ190418P145)
STC 2 JNJ 18Apr19 140 puts (JNJ190418P140) for a debit of $2.10 (buying a vertical)

BTC 2 JNJ 09Nov18 143 calls (JNJ181109C143)
STO 2 JNJ 16Nov18 146 calls (JNJ181116146) for a debit of $1.05 (selling a diagonal)

BTC 2 JNJ 09Nov18 143 calls (JNJ181109C143)
STO 2 JNJ 16Nov18 147 calls (JNJ181116147) for a debit of $1.36 (selling a diagonal)

BTO 1 JNJ 18Apr19 150 call (JNJ190418C150)
STC 1 JNJ 18Apr19 140 call (JNJ190418C140) for a credit of $5.18 (selling a vertical)

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

Happy trading.

Terry