August 29, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 1 JNJ 02Sep16 118 put (JNJ160902P118)
STO 1 JNJ 09Sep16 121 put (JNJ160909P121) for a credit of $1.37  (selling a diagonal)

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

 
Happy trading.

 

Terry