July 14, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

These short calls are so much in the money that there is essentially no remaining premium to collect:

 

BTC 3 JNJ 15Jul16 120 calls (JNJ160715C120)
STO 3 JNJ 22Jul16 124 calls (JNJ160722C124) for a debit of $2.57  (selling a diagonal)

BTO 2 JNJ 20Jan17 125 calls (JNJ170120C125)
STC 2 JNJ 21Oct16 115 calls (JNJ161021C115) for a credit of $5.52  (buying a diagonal)  

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

 
Happy trading.

 

Terry