January 15, 2019 Terry’s Tips Trade Alert Earnings Eagle Portfolio

If you were assigned stock, sell it at the market and sell the appropriate number of 18Jan19 130 puts.  Otherwise:

BTC 4 JNJ 18Jan19 135 puts (JNJ190118P135)
STC 4 JNJ 18Jan19 130 puts (JNJ190118P130) for a debit of $4.65 (buying a vertical)

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

Happy trading.

Terry