February 18, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We should roll out of these short calls to avoid being responsible for the $.75 dividend payable tomorrow:

 

BTC 1 JNJ Feb-16 101 call (JNJ160219C101)
STC 1 JNJ Apr-16 100 call (JNJ160415C100) for a credit of $1.97  (selling a diagonal)

BTC 1 JNJ Feb-16 101 call (JNJ160219C101)
STO 1 JNJ Feb4-16 104 call (JNJ160226C104) for a debit of $2.73  (selling a diagonal)

BTC 1 JNJ Feb-16 103 call (JNJ160219C103)
STO 1 JNJ Mar1-16 104 call (JNJ160304C104) for a credit of $.02  (selling a diagonal)

BTC 1 JNJ FEB4 16 101 call (JNJ160226C101)
STC 1 JNJ Jul-16 100 call (JNJ160715C100) for a credit of $3.55  (selling a diagonal)

BTC 1 JNJ FEB4 16 101 call (JNJ160226C101)
STO 1 JNJ Mar2-16 105 call (JNJ160311C105) for a debit of $2.05  (selling a diagonal)

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

 
Happy trading.

 

Terry