Closing trade : JNJ

Stock / Symbol: Johnson & Johnson / JNJ
Option Strategy: butterfly call spread + protective call

Trade entry date: Feb 7
Price at trade entry: $65.35
Price at this post: $64.83

Reasoning: We're entering our exit orders here, to see if we can catch the moment JNJ trades back at $65. We're currently up a bit on the trade and, if we get filled at our desired prices, we should walk away with about a 12% return in just over a week.

Closing Trade Details : [private_monthly]

STC 2 JNJ Feb12 62.5 Calls
BTC -4 JNJ Feb12 65 Calls
STC 2 JNJ Feb12 67.5 Calls
for a net credit of $2.08 per contract (GTC, limit order)

then, once filled on the butterfly:
STC 1 JNJ Jul12 65 call
at the market bid (day order)
[/private_monthly]

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