Stock / Symbol: Johnson & Johnson / JNJ
Price at trade post: $65.35
Option Strategy: [private_monthly] butterfly call spread + protective call[/private_monthly]
Update:[private_monthly] We got filled on the butterfly at $1.66, and then on the long call at $2.12. If you haven't yet been filled, we suggest you enter in a bid on the butterfly at the mid price + $0.02 and then take the long call at the asking price. So, for example, on the butterfly, if the bid is $1.60 and the ask is $1.72, then the mid price is $1.66. Therefore, set your bid at $1.66 + 0.02 or $1.68.[/private_monthly]
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