September 2, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

These trades will get us set up for next week:

 

BTC 2 JNJ 02Sep16 120 puts (JNJ160902P120)
STO 2 JNJ 09Sep16 119 puts (JNJ160923P119) for a debit of $.22  (selling a diagonal)

This is a limit order:

BTC 2 JNJ 02Sep16 120 calls (JNJ160902C120) for a limit of $.05 (no commission)

If that trade executes:

STO 2 JNJ 02Sep16 119 calls (JNJ160902C119) for $.77

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

 
Happy trading.

 

Terry