May 10, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

Gamma is dangerously high:

 

BTO 7 JNJ 21Oct16 115 calls (JNJ161021C115)
STC 7 JNJ 15Jul16 110 calls (JNJ160715C110) for a credit of  $1.65  (buying a diagonal)

BTC 4 JNJ 13May16 113 calls (JNJ160513C113
STO 4 JNJ 20May16 115 calls (JNJ160520C115)  for a debit of $1.18  (selling a diagonal)

 BTC 1 JNJ 20May16 113 call (JNJ160520C113) 
STO 1 JNJ 20May16 116 call (JNJ160520C113) for a debit of $1.72  (buying a vertical)

BTC 1 JNJ 20May16 113 call (JNJ160520C113) for $2.09

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

 
Happy trading.

 

Terry