Options Close Alert: Johnson Controls (JCI)

By Jim Pearce • August 1, 2018

TRADE INSTRUCTIONS

Date: August 1, 2018
Name: Johnson Controls
Symbol (Exchange): JCI (NYSE)
Type: Sell call option to close
Expiration: January 19, 2019
Strike Price: 35.00
Symbol: JCI190119C00035000

TRADE RATIONALE

Johnson Controls released its fiscal Q3 results yesterday that exceeded analysts’ expectations and the stock is trading higher this morning, so I’m closing out the call option at our target gain of 100%. Based on your recent comments, it appears many of you have already beaten me to the punch. If you choose to leave it open, I suggest using a trailing stop to lock in most of your gain.

I am leaving the equity half of this trade open since it has not yet reached our target sell price of $39.

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Jeff L.

08/01/18 ‐ 11:23am ET August 1, 2018 at 11:23am ET

I still hold the stock snd adjusted the trade to sell for $39 thanks again.

Ronner

08/01/18 ‐ 11:31am ET August 1, 2018 at 11:31am ET

I was watching the JCI Calls climb this AM and was thinking about selling and here comes your trade alert! I love when that happens. Thanks Jim, keep them coming.

Daniel Long

08/01/18 ‐ 1:44pm ET August 1, 2018 at 1:44pm ET

STC Jan 19 C 35 for JCI for 4.18 at Fidelity.
Buy 1.91.
Profit 119% since 07/02/18.
Good call.
Thanks. DL

George McMillion

08/01/18 ‐ 1:53pm ET August 1, 2018 at 1:53pm ET

STC JCI Jan $35 Call for $4.15 on TDA

Thank you Jim, very nice profit.

Roger Dehring

08/01/18 ‐ 1:54pm ET August 1, 2018 at 1:54pm ET

I did this trade as a diagonal, Jim,

Had bought the JAN 34 calls and sold OCT 38 calls for a -$2.00 debit. Closed the entire position this morning after getting your alert for a credit of $3.50. Not exactly your 100%, but still a very nice return.

Thanks for another nice trade.

Jim Pearce

08/01/18 ‐ 3:50pm ET August 1, 2018 at 3:50pm ET

Not exactly 100%, but on a risk-adjusted basis an outstanding trade. Nice work!

Eistha

08/01/18 ‐ 1:56pm ET August 1, 2018 at 1:56pm ET

Thanks Jim for a great triple digit gain!!!

Stanley

08/01/18 ‐ 3:18pm ET August 1, 2018 at 3:18pm ET

Hi Jim,
Sold JCI for 4.15 for a tidy 118% profit in 4 weeks.
What a great way to start the month.
Thank you!!

Melanie

08/01/18 ‐ 5:39pm ET August 1, 2018 at 5:39pm ET

Very happy. Thank you!!!!

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