November 17, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have been waiting for the stock to recover, but it has not cooperated.  The dividend is payable tomorrow so we won’t do anything with the calls until later.  We can get set up for next week with the puts, however:

 

BTC 1 JNJ 18Nov16 118 put (JNJ161118P118)

STC 1 JNJ 20Jan17 120 put (JNJ170120P120) for a credit of $2.60  (selling a diagonal)

 

BTC 2 JNJ 18Nov16 118 puts (JNJ161118P118)

STO 2 JNJ 25Nov16 116 puts (JNJ161125P116) for a debit of $1.56  (selling a diagonal)

 

BTC 2 JNJ 18Nov16 120 puts (JNJ161118P120)

STO 2 JNJ 25Nov16 116 puts (JNJ161125P116) for a debit of $3.61  (selling a diagonal

 

BTO 2 JNJ 20Jan17 115 puts (JNJ170120P115)

STC 2 JNJ 20Jan17 120 puts (JNJ170120P120) for a credit of $2.90  (selling a vertical)

 

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

 
Happy trading.

 

Terry

 November 17, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have been waiting for the stock to recover, but it has not cooperated.  The dividend is payable tomorrow so we won’t do anything with the calls until later.  We can get set up for next week with the puts, however:

 

BTC 1 JNJ 18Nov16 118 put (JNJ161118P118)
STC 1 JNJ 20Jan17 120 put (JNJ170120P120) for a credit of $2.60  (selling a diagonal)

BTC 2 JNJ 18Nov16 118 puts (JNJ161118P118)
STO 2 JNJ 25Nov16 116 puts (JNJ161125P116) for a debit of $1.56  (selling a diagonal)

BTC 2 JNJ 18Nov16 120 puts (JNJ161118P120)
STO 2 JNJ 25Nov16 116 puts (JNJ161125P116) for a debit of $3.61  (selling a diagonal

BTO 2 JNJ 20Jan17 115 puts (JNJ170120P115)
STC 2 JNJ 20Jan17 120 puts (JNJ170120P120) for a credit of $2.90  (selling a vertical)

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

 
Happy trading.

 

Terry