February 17, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 1 JNJ Feb-16 100 call (JNJ160219C100)
STO 1 JNJ Mar2-16 103 call (JNJ160311C103) for a debit of $1.28  (selling a diagonal)

 

BTC 1 JNJ Feb-16 100 call (JNJ160219C100)
STC 1 JNJ Apr-16 97.5 call (JNJ160415C97.5) for a credit of $3.34  (selling a diagonal)

BTC 1 JNJ Feb-16 105 call (JNJ160219C105) for $.01 (no commission)

STO 1 JNJ Mar2-16 105 call (JNJ160311C105) for $.52

BTO 2 JNJ Jul-16 100 calls (JNJ160715C100)
STC 2 JNJ Apr-16 100 calls (JNJ160415C100) for a debit of $1.47  (buying a calendar)

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

 
Happy trading.

 

Terry