January 27, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

There is essentially no time premium remaining in these short calls so we might as well roll them over to higher strikes with more premium to collect:

 

BTC 2 JNJ JAN5 16 97 calls (JNJ160129C97)
STO 2 JNJ Feb1-16 100 calls (JNJ160205C100) for a debit of $2.15  (selling a diagonal)

BTC 2 JNJ JAN5 16 98 calls (JNJ160129C98)
STO 2 JNJ Feb-16 101 calls (JNJ160219C101) for a debit of $1.48  (selling a diagonal)

BTO 2 JNJ Apr-16 100 calls (JNJ160415C100)
STC 2 JNJ Apr-16 95 calls (JNJ160415C95) for a credit of $3.30  (selling a vertical)

BTC 1 JNJ Feb1-16 97 call (JNJ160205C97)
STO 1 JNJ Feb2-16 101 call (JNJ160212C101) for a debit of $2.54  (selling a diagonal)

STC 2 JNJ Apr-16 105 calls (JNJ160415C105) for $1.15

STO 1 JNJ Feb-16 103 call (JNJ160219C103) for $.83

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

 
Happy trading.

 

Terry