June 28, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 3 JNJ 01Jul16 115 calls (JNJ160701C115)
STO 3 JNJ 08Jul16 118 calls (JNJ160708C118) for a debit of $1.91  (selling a diagonal)

BTC 2 JNJ 01Jul16 115 calls (JNJ160701C115)
STC 2 JNJ 21Oct16 115 calls (JNJ161021C115) for a credit of $2.62  (selling a calendar)

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

 
Happy trading.

 

Terry