January 29, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have too many in-the-money short calls:

 

BTC 2 JNJ FEB2 16 97.5 calls (JNJ160212C97.5)
STC 2 JNJ Apr-16 97.5 calls (JNJ160415C97.5) for a credit of $1.15  (selling a calendar)

BTC 1 JNJ FEB1 16 98 call (JNJ160205C98)
STC 1 JNJ Apr-16 97.5 call (JNJ160415C97.5) for a credit of $1.45  (selling a diagonal)

BTC 1 JNJ FEB1 16 100 call (JNJ160205C100)
STO 1 JNJ FEB2 16 103 call (JNJ160212C103) for a debit of $1.90  (selling a diagonal)

BTC 1 JNJ FEB1 16 100 call (JNJ160205C100)
STO 1 JNJ FEB-16 104 call (JNJ160219C104) for a debit of $2.32  (selling a diagonal)

STO 1 JNJ FEB1 16 103 call (JNJ160205C103) for $1.25

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

 
Happy trading.

 

Terry