August 16, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We need to get shorter.  No one seems to be buying the stock to get the dividend Friday:

 

BTC 2 JNJ 19Aug16 124 calls (JNJ160819C124)
STC 2 JNJ 20Jan17 125 calls (JNJ170120C125) for a credit of $2.28  (selling a diagonal)

BTC 2 JNJ 19Aug16 123 puts (JNJ160819P123)
STO 2 JNJ 19Aug16 120 puts (JNJ160819P120) for a debit of $2.12  (buying a vertical)

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

 
Happy trading.

 

Terry