July 19, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

These trades will make us positive net delta:

 

BTC 2 JNJ 22Jul16 120 calls (JNJ160722C120)
STO 2 JNJ 29Jul16 125 calls (JNJ160729C125) for a debit of $3.91  (selling a diagonal)

BTC 2 JNJ 22Jul16 122 calls (JNJ160722C122)
STO 2 JNJ 29Jul16 125 calls (JNJ160729C125) for a debit of $1.96  (selling a diagonal)

BTC 3 JNJ 22Jul16 122 calls (JNJ160722C122)
STO 3 JNJ 29Jul16 124 calls (JNJ160729C124) for a debit of $1.40  (selling a diagonal)

BTO 2 JNJ 21Oct16 125 calls (JNJ161021C125)
STC 2 JNJ 21Oct16 115 calls (JNJ161021C115) for a credit of $7.48  (selling a vertical)

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

Happy trading.

 

Terry