August 15, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

As we discussed in the Saturday Report, we are adding some put spreads on:

 

STC 1 JNJ 20Jan17 115 call (JNJ170120C115) for $9.00

STC 1 JNJ 21Oct16 125 call (JNJ161021C125) for $1.36

BTO 2 JNJ 20Jan17 125 puts (JNJ170120P125)
STO 2 JNJ 19Aug16 123 puts (JNJ160819P123) for a debit of $5.09  (buying a diagonal)

BTO 1 JNJ 20Jan17 120 put (JNJ170120P120)
STO 1 JNJ 19Aug16 122 put (JNJ160819P122) for a debit of $3.30  (buying a diagonal)

STO 3 JNJ 19Aug16 122 calls (JNJ160819C122) for $1.00

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

 
Happy trading.

 

Terry