November 7, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 3 JNJ 11Nov16 115 calls (JNJ161111C115)
STO 3 JNJ 18Nov16 118 calls (JNJ161118C118) for a debit of $1.33  (selling a diagonal)

BTC 1 JNJ 11Nov16 115 call (JNJ161111C115)
STO 1 JNJ 18Nov16 117 call (JNJ161118C117) for a debit of $.97  (selling a diagonal)

BTO 2 JNJ 20Jan17 120 calls (JNJ170120C120)
STC 2 JNJ 20Jan17 115 calls (JNJ170120C115) for a credit of $2.15  (selling a vertical)

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

 
Happy trading.

 

Terry