November 8, 2018 Terry’s Tips Trade Alert – Rising Tide Portfolio

We have some cash to put to work and add another spread:

BTO 1 JNJ 18Apr19 145 call (JNJ190418C145)
STC 1 JNJ 18Apr19 140 call (JNJ190418C140) for a credit of $3.04 (selling a vertical)

BTO 1 JNJ 18 Apr19 145 put (JNJ190418P145)
STO 1 JNJ 16Nov18 145 put (JNJ181116P145) for a debit of $4.80 (buying a calendar)

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

Happy trading.

Terry