June 30, 2016  Trade Alert #2 -   JNJ Jamboree  Portfolio

We have become negative net delta once again:

 

BTC 3 JNJ 8Jul16 118 calls (JNJ1607018118)
STO 3 JNJ 8Jul16 121 calls (JNJ160708C121) for a debit of $2.35  (buying a vertical)  

BTO 3 JNJ 21Oct16 120 calls (JNJ161021C120)
STC 3 JNJ 21Oct16 115 calls (JNJ161021C115) 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