August 17, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

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

 

BTC 1 JNJ 19Aug16 124 call (JNJ160819C124)
STC 1 JNJ 20Jan17 125 call (JNJ170120C125) for a credit of $1.94  (selling a diagonal)

BTC 1 JNJ 19Aug16 123 put (JNJ160819P123)
STO 1 JNJ 19Aug16 120 put (JNJ160819P120) for a debit of $2.37  (buying a vertical)

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

 
Happy trading.

 

Terry