Action Alerts OPTIONS contributor Dan Nathan tells Stephanie Link he's buying puts with an April expiration for Johnson & Johnson at $92.50. Nathan says shares of the medical products maker have been range-bound in the mid-90's and he says they could get hit if the company reports another poor quarter, but they could jump higher if they announce a dividend bump or increase their share buyback program at their April shareholder meeting. The April put would allow buyers to capture the upside.

Chief Investment Officer, Co-Portfolio Manager of Jim Cramer's Charitable Trust, and Director of Research at The Street. Stephanie performs all portfolio management functions which includes developing a macro outlook and market strategy, thorough analysis and careful stock selection while managing the fund in a manner that allows subscribers to follow and emulate her thoughts and actions. She also writes a weekly summary report of the portfolio, highlighting strategy, latest analysis and ranking of each stock in the fund. Stephanie promotes the product through weekly videos, both independently and with Jim Cramer, which are featured on The Street's website. As Chief Investment Officer, she oversees all premium content which includes RealMoney, RealMoney Pro, OptionsProfits as well as other premium newsletters including Breakout Stocks and Stocks Under $10. Stephanie is a CNBC contributor and regularly appears on Fast Money Halftime, Closing Bell, Squawk Box and The Kudlow Report.

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