November 9, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

With the stock up over $2 ½, we need to get longer:

 

BTC 3 JNJ 11Nov16 117 calls (JNJ161111C117)
STO 3 JNJ 18Nov16 120 calls (JNJ161118C120) for a debit of $1.83  (selling a diagonal)

BTC 5 JNJ 18Nov16 118 calls (JNJ161118C118)
STO 5 JNJ 25Nov16 121 calls (JNJ161125C121) for a debit of $1.35  (selling a diagonal)

BTO 3 JNJ 20Jan17 120 calls (JNJ170120C120)
STC 3 JNJ 20Jan17 115 calls (JNJ170120C115) for a credit of $3.12  (selling a vertical)

BTO 3 JNJ 21Apr17 120 calls (JNJ170421C120)
STC 3 JNJ 21Apr17 115 calls (JNJ170421C115) for a credit of $3.10  (selling a vertical)

BTO 2 JNJ 20Jan17 120 puts (JNJ170120P120)
STC 2 JNJ 20Jan17 115 puts (JNJ170120P115) for a debit of $1.84  (buying a vertical)

BTC 2 JNJ 11Nov16 117 puts (JNJ161111P117)
STO 2 JNJ 18Nov16 120 puts (JNJ161118P120) for a credit of $1.76  (selling a diagonal)

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

 
Happy trading.

 

Terry