November 8, 2016  Trade Alert #2 -   JNJ Jamboree  Portfolio

We have become negative net delta once again:

 

BTC 2 JNJ 11Nov16 116 calls (JNJ161111C116)
STO 2 JNJ 18Nov16 118 calls (JNJ161118C118) for a debit of $.97  (selling a diagonal)

BTC 1 JNJ 11Nov16 115 put (JNJ161111P115)
STC 1 JNJ 20Jan17 115 put (JNJ170120P115) for a credit of $1.93  (selling a calendar)

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

 
Happy trading.

 

Terry