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