December 2, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

If you were assigned either the 02Dec16 112 or 113 put, sell the stock at the market and then sell appropriate number same-strike 16Dec16 puts.  If you were not assigned, execute these trades:

 

BTC 2 JNJ 02Dec16 112 puts (JNJ161202P112)

STO 2 JNJ 16Dec16 112 puts (JNJ161216P112) for a credit of $.94  (selling a calendar)

 

BTC 2 JNJ 02Dec16 113 puts (JNJ161202P113)
STO 2 JNJ 16Dec16 113 puts (JNJ161216P113) for a credit of $.81  (selling a calendar)

BTO 1 JNJ 21Apr17 110 call (JNJ170421C110)
STC 1 JNJ 21Apr17 120 call (JNJ170421C120) for a debit of $4.35  (buying a vertical)

BTO 2 JNJ 21Apr17 115 calls (JNJ170421C115)
STC 2 JNJ 21Apr17 120 calls (JNJ170421C120) for a debit of $1.68  (buying a vertical)

STO 1 JNJ 16Dec16 112 call (JNJ161216C112) for $1.45 

STO 1 JNJ 16Dec16 113 call (JNJ161216C113) for $.92

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

 
Happy trading.

 

Terry