June 9, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 2 JNJ 10Jun16 115 calls (JNJ160610C115)
STO 2 JNJ 17Jun16 117 calls (JNJ160617C117) for a debit of $1.00  (selling a diagonal)

BTC 1 JNJ 10Jun16 115 call (JNJ160610C115)
STO 1 JNJ 24Jun16 117 call (JNJ160624C117) for a debit of $.64  (selling a diagonal)

BTC 2 JNJ 24Jun16 114 calls (JNJ160624C114)
STO 2 JNJ 1Jul16 117 calls (JNJ160701C117) for a debit of $1.75  (selling a diagonal)

BTO 2 JNJ 21Oct16 115 calls (JNJ161021C115)
STC 2 JNJ 21Oct16 110 calls (JNJ161021C110) for a credit of $3.23  (selling a vertical)

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

 
Happy trading.

 

Terry