Subject: September 2, 2016 Trade Alert - JNJ Jamboree Portfolio
September 2, 2016 Trade Alert - JNJ Jamboree Portfolio
The earlier trade alert contained some OPRA errors. Ignore it. These trades will get
us set up for next week:
BTC 2 JNJ 02Sep16 120 puts (JNJ160902P120)
STO 2 JNJ 09Sep16 119 puts (JNJ160909P119) 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 09Sep16 119 calls (JNJ160909C119) for $.77
Be prepared to change this price limit by $.05 or more in order to get an execution.
Happy trading.
Terry
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