August 26, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

These trades will start getting us set up for next week:

 

BTC 2 JNJ 26Aug16 120 puts (JNJ160826P120)
STO 2 JNJ 02Sep16 120 puts (JNJ160902P120) for a credit of $.45  (selling a calendar)

BTC 2 JNJ 26Aug16 120 calls (JNJ160826C120) for $.04 (no commission)

STO 2 JNJ 02Sep16 120 calls (JNJ160902C120) for $.51

STO 2 JNJ 09Sep16 120 calls (JNJ160909C120) for $.76

BTO 1 JNJ 20Jan17 120 call (JNJ170120C120)
STC 1 JNJ 20Jan17 125 call (JNJ170120C125) 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