May 19, 2016  Trade Alert #2 -   JNJ Jamboree  Portfolio

There is an $.80 dividend payable tomorrow, and we need to trade out of these 112 short calls to avoid an exercise:

 

BTC 6 JNJ 27May16 112 calls (JNJ160527C112)

STO 6 JNJ 10Jun16 113 calls (JNJ160610C113) for a credit of $.04  (selling a diagonal)

 

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

 
Happy trading.

 

Terry