Subject: January 13, 2016 Trade Alert - JNJ Jamboree Portfolio
January 13, 2016 Trade Alert - JNJ Jamboree Portfolio
The stock has moved
up this week and this is a better time to sell some premium. We will use the cash to roll some long calls
to a lower strike:
STO 2 JNJ Feb1-16 100 calls (JNJ160205C100) for $1.20
BTO 2 JNJ Apr-16 100 calls (JNJ160415C100)
STC 2 JNJ Apr-16 105 calls (JNJ160415C105) for a debit of $1.70 (buying a vertical)
Be prepared to change these price limits by $.05 or more in order to get an execution.
Happy trading.
Terry
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