May 18, 2016  Trade Alert #2 -   JNJ Jamboree  Portfolio

We need to get rid of the maintenance requirement:

 

STC 1 JNJ 15Jul16 115 call (JNJ160715C115) for $1.38

BTO 1 JNJ 21Oct16 110 call (JNJ161021C110)
STC 1 JNJ 21Oct16 115 call (JNJ161021C115) for a debit of $2.87  (buying a vertical)

BTC 1 JNJ 10Jun16 115 call (JNJ160610C115)
STC 1 JNJ 15Jul16 115 call (JNJ160715C115) for a credit of $.99  (selling a calendar)

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

 
Happy trading.

 

Terry