December 16, 2015  Trade Alert #2 -   JNJ Jamboree  Portfolio

We have become negative net delta once again:

 

BTC 2 JNJ Dec-15 103 calls (JNJ151218C103)
STO 2 JNJ Dec4-15 106 calls (JNJ151224C106) for a debit of $1.86  (selling a diagonal)

BTC 2 JNJ Dec-15 104 calls (JNJ151218C104)
STO 2 JNJ Dec4-15 107 calls (JNJ151224C107) for a debit of $1.40  (selling a diagonal)

BTO 2 JNJ Apr-16 105 calls (JNJ160415C105)
STC 2 JNJ Apr-16 100 calls (JNJ160415C100) for a credit of $3.20  (selling a vertical)

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

 
Happy trading.

 

Terry