April 28, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

The company is looking weaker than the market in general and it seems like a good time to collect some premium:

 

STO 2 JNJ 6MAY16 112 calls (JNJ160506C112) for $1.13

BTO 3 JNJ 15JUL16 115 calls (JNJ160715C115)

STO 3 JNJ 13MAY16 113 calls (JNJ160513C113) for a debit of $.37  (buying a diagonal)

 

BTO 3 JNJ 15JUL16 115 calls (JNJ160715C115)

STO 3 JNJ 27MAY16 114 calls (JNJ160527C114) for a debit of $.51  (buying a diagonal)

 

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

 
Happy trading.

 

Terry