November 23, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

These trades will get us set up for next week:

 

BTC 2 JNJ 25Nov16 116 puts (JNJ161125P116)
STO 2 JNJ 02Dec16 113 puts (JNJ161202P113) for a debit of $2.08  (selling a diagonal)

BTC 2 JNJ 25Nov16 116 puts (JNJ161125P116)
STO 2 JNJ 02Dec16 112 puts (JNJ161202P112) for a debit of $2.40  (selling a diagonal)

BTO 1 JNJ 20Jan17 110 put (JNJ170120P110)
STC 1 JNJ 20Jan17 120 put (JNJ170120P120) for a credit of $5.74  (selling a vertical)

BTO 1 JNJ 21Apr17 110 put (JNJ170421P110)
STC 1 JNJ 21Apr17 120 put (JNJ170421P120) for a credit of $5.40  (selling a vertical)

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

 
Happy trading.

 

Terry