June 3, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

This might be  a good time to roll some of our July long positions to October:

 

BTC 4 JNJ 03Jun16 114 calls (JNJ160603C114)
STO 4 JNJ 17Jun16 115 calls (JNJ60617C115) for a credit of $.20  (selling a diagonal)   

BTO 3 JNJ 21Oct16 115 calls (JNJ161021C115)
STC 3 JNJ 15Jul16 115 calls (JNJ160715C115) for a debit of $1.77  (buying a calendar)

BTO 1 JNJ 21Oct16 115 call (JNJ161021C115)
STC 1 JNJ 21Oct16 110 call (JNJ161021C110) for a credit of $3.25  (selling a vertical)

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

 
Happy trading.

 

Terry