July 7, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 4 JNJ 15Jul16 119 calls (JNJ160715C119)
STO 4 JNJ 22Jul16 123 calls (JNJ160722C123) for a debit of $2.29  (selling a diagonal)

BTC 1 JNJ 15Jul16 119 call (JNJ160715C119)
STO 1 JNJ 29Jul16 123 call (JNJ160729C123) for a debit of $2.05  (selling a diagonal)

BTO 4 JNJ 21Oct16 120 calls (JNJ161021C120)
STC 4 JNJ 21Oct16 115 calls (JNJ161021C115) for a credit of $3.70  (selling a vertical)

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

 
Happy trading.

 

Terry