June 2, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

The stock is up strongly today and we have become negative net delta:

 

BTC 6 JNJ 03Jun16 113 calls (JNJ160603C113)
STO 6 JNJ 17Jun16 114 calls (JNJ60617C114) for a debit of $.07  (selling a diagonal)

BTC 6 JNJ 10Jun16 113 calls (JNJ160610C113)
STO 6 JNJ 24Jun16 114 calls (JNJ60624C114) for a debit of $.40  (selling a diagonal)

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

 
Happy trading.

 

Terry