June 3, 2016  Trade Alert #3 -   JNJ Jamboree  Portfolio

The stock is up even more, making us negative net delta:

 

BTC 3 JNJ 17Jun16 114 calls (JNJ160617C114)
STO 3 JNJ 17Jun16 116 calls (JNJ60617C116) for a debit of $1.05  (buying a vertical)     

BTC 4 JNJ 24Jun16 114 calls (JNJ160624C114)
STO 4 JNJ 24Jun16 116 calls (JNJ606240C116) for a debit of $1.14  (buying a vertical)     

BTO 3 JNJ 21Oct16 115 calls (JNJ161021C115)
STC 3 JNJ 21Oct16 110 calls (JNJ161021C110) for a credit of $3.45  (selling a vertical)

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

 
Happy trading.

 

Terry