July 20, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 4 JNJ 22Jul16 124 calls (JNJ160722C124)
STO 4 JNJ 05Aug16 127 calls (JNJ160805C127) for a debit of $1.12  (selling a diagonal)

BTC 3 JNJ 22Jul16 125 calls (JNJ160722C125)
STO 3 JNJ 29Jul16 126 calls (JNJ160729C126) for a debit of $.20  (selling a diagonal)

BTC 1 JNJ 29Jul16 123 call (JNJ160729C123)
STO 1 JNJ 29Jul16 126 call (JNJ160729C126) for a debit of $2.15  (buying a vertical)

BTO 3 JNJ 20Jan17 125 calls (JNJ170120C125)
STC 3 JNJ 21Oct16 120 calls (JNJ161021C120) for a credit of $2.03  (buying a diagonal)

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

 
Happy trading.

 

Terry