July 19, 2016  Trade Alert #2 -   JNJ Jamboree  Portfolio

We have become negative net delta once again:

 

BTC 4 JNJ 22Jul16 123 calls (JNJ160722C123)
STO 4 JNJ 05Aug16 126 calls (JNJ160805C126) for a debit of $1.56  (selling a diagonal)

BTO 1 JNJ 20Jan17 125 call (JNJ170120C125)
STC 1 JNJ 20Jan17 115 call (JNJ170120C115) for a credit of $7.07  (selling a vertical)

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

Happy trading.

 

Terry