February 26, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

As we roll over to next week, we need to fix our having too many in-the-money short calls:

 

BTC 2 JNJ FEB4 16 104 calls (JNJ160226C104)
STO 2 JNJ Mar-16 107 calls (JNJ160318C107) for a debit of $.73  (selling a diagonal)

BTC 1 JNJ FEB4 16 105 call (JNJ160226C105)
STO 1 JNJ Mar-16 108 call (JNJ160318C108) for a debit of $.13  (selling a diagonal)

BTC 2 JNJ MAR1 16 104 calls (JNJ160304C104)
STO 2 JNJ Mar2-16 106 calls (JNJ160311C106) for a debit of $.85  (selling a diagonal)

BTC 1 JNJ MAR1 16 104 call (JNJ160304C104)
STO 1 JNJ Mar2-16 107 call (JNJ160311C107) for a debit of $1.37  (selling a diagonal)

BTC 1 JNJ MAR2 16 103 call (JNJ160311C103)
STO 1 JNJ Mar-16 106 call (JNJ160318C106) for a debit of $1.80  (selling a diagonal)

BTO 2 JNJ Jul-16 110 calls (JNJ160715C110)
STC 2 JNJ Jul-16 100 calls (JNJ160715C100) for a credit of $5.76  (selling a vertical)

BTO 3 JNJ Jul-16 105 calls (JNJ160715C105)
STC 3 JNJ Apr-16 105 calls (JNJ160415C105) for a debit of $1.56  (buying a calendar)

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

 
Happy trading.

 

Terry