Subject: November 2, 2015 Trade Alert - JNJ Jamboree Portfolio
November 2, 2015 Trade Alert - JNJ Jamboree Portfolio
These are our initial
positions for this new portfolio. There
are no options available at the 101 – 104 strikes in the April series so we
will have to work with diagonal spreads:
BTO 2 JNJ Apr-16 100 calls (JNJ160415C100)
STO 2 JNJ Nov2-15 102 calls (JNJ151113C102) for a debit of $4.07 (buying a diagonal)
BTO 2 JNJ Apr-16 105 calls (JNJ160415C105)
STO 2 JNJ Nov2-15 103 calls (JNJ151113C103) for a debit of $2.05 (buying a diagonal)
BTO 2 JNJ Apr-16 100 calls (JNJ160415C100)
STO 2 JNJ Nov-15 102 calls (JNJ151120C102) for a debit of $3.86 (buying a diagonal)
BTO 2 JNJ Apr-16 105 calls (JNJ160415C105)
STO 2 JNJ Nov-15 103 calls (JNJ151120C103) for a debit of $1.87 (buying a diagonal)
BTO 2 JNJ Apr-16 100 calls (JNJ160415C100)
STO 2 JNJ Nov4-15 102 calls (JNJ151127C102) for a debit of $3.86 (buying a diagonal)
BTO 2 JNJ Apr-16 105 calls (JNJ160415C105)
STO 2 JNJ Nov4-15 103 calls (JNJ151127C103) for a debit of $1.85 (buying a diagonal)
BTO 2 JNJ Apr-16 100 calls (JNJ160415C100)
STO 2 JNJ Dec1-15 102 calls (JNJ151204C102) for a debit of $3.77 (buying a diagonal)
BTO 2 JNJ Apr-16 105 calls (JNJ160415C105)
STO 2 JNJ Dec1-15 103 calls (JNJ151204C103) for a debit of $1.66 (buying a diagonal)
BTO 1 JNJ Apr-16 100 call (JNJ160415C100)
STO 1 JNJ Dec1-15 104 calls (JNJ151204C104) for a debit of $4.46 (buying a diagonal)
Be prepared to change these price limits by $.05 or more in order to get an execution.
Happy trading.
Terry
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