July 15, 2016  Trade Alert #2 -   JNJ Jamboree  Portfolio

We have an uncovered long call we can use to collect some premium while remaining comfortably long:

 

STO 1 JNJ 22Jul16 122 call (JNJ160722C122) for $1.70

BTO 2 JNJ 20Jan17 125 calls (JNJ170120C125)
STO 2 JNJ 22Jul16 122 calls (JNJ160722C122) for a debit of $1.56  (buying a diagonal)

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

 
Happy trading.

 

Terry