December 16, 2015  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 5 JNJ Dec-15 102 calls (JNJ151218C102)
STO 5 JNJ Dec4-15 105 calls (JNJ1224C105) for a debit of $1.92  (selling a diagonal)

BTC 3 JNJ Dec-15 103 calls (JNJ151218C103)
STO 3 JNJ Dec4-15 105 calls (JNJ1224C105) for a debit of $1.00  (selling a diagonal)

BTO 3 JNJ Apr-16 105 calls (JNJ160415C105)
STC 3 JNJ Apr-16 100 calls (JNJ160415C100) for a credit of $3.22  (selling a vertical)

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

 
Happy trading.

 

Terry