May 9, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 3 JNJ 13May16 112 calls (JNJ160513C112)
STC 3 JNJ 15Jul16 110 calls (JNJ160715C110) for a credit of $2.70  (selling a diagonal)

BTC 2 JNJ 13May16 112 calls (JNJ160513C112)
STO 2 JNJ 27May16 114 calls (JNJ160527C114) for a debit of $1.00  (selling a diagonal)

BTC 4 JNJ 20May16 112 calls (JNJ160520C112)
STO 4 JNJ 3Jun16 114 calls (JNJ160603C114) for a debit of $1.16  (selling a diagonal)

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

 
Happy trading.

 

Terry