As we enter earnings season, markets have turned higher with focus on corporate profits and shrugged off trade war risks. We take this opportunity to take profits on our earning plays after a volatile start to earnings season.

• JNJ – 126% Profit: Long Sep 21 125/135 Call Vertical @ $4.90
• NFLX – 44% Profit: Aug 17 350/370/395 Put Butterfly @ $7.00

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