October 7, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

These trades will get us set up for next week:

 

BTC 1 JNJ 07Oct16 119 call (JNJ161007C119)
STO 1JNJ 14Oct16 119 call (JNJ161014C119) for a credit of $.56  (selling a calendar)

BTC 2 JNJ 07Oct16 119 calls (JNJ161007C119)
STO 2 JNJ 21Oct16 119 calls (JNJ161021C119) for a credit of $1.23  (selling a calendar)

BTC 2 JNJ 07Oct16 118 puts (JNJ161007P118) for $.03 (no commission)

BTC 2 JNJ 07Oct16 119 puts (JNJ161007P119) for $.03 (no commission)

 

STO 2 JNJ 14Oct16 119 puts (JNJ161014P119) for $.58

 

STO 2 JNJ 14Oct16 120 puts (JNJ161014P120) for $1.07

 

BTO 1 JNJ 20Jan17 120 put (JNJ170120P120)
STO 1 JNJ 14Oct16 120 put (JNJ161014P120) for a debit of $3.14  (buying a calendar)

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

 
Happy trading.

 

Terry