June 27, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

If the stock falls any further we won’t have any in-the-money short calls:

 

BTO 1 JNJ 21Oct16 110 call (JNJ161021C110)
STC 1 JNJ 21Oct16 115 call (JNJ161021C115) for a debit of $3.35  (buying a vertical)

BTC 1 JNJ 15Jul16 120 call (JNJ160715C120)
STO 1 JNJ 8Jul16 114 call (JNJ160708C114) for a credit of $2.04  (buying a diagonal)

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

 
Happy trading.

 

Terry