November 8, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 3 JNJ 11Nov16 116 calls (JNJ161111C116)
STO 3 JNJ 11Nov16 117 calls (JNJ161111C117) for a debit of $.62  (buying a vertical)

BTC 2 JNJ 11Nov16 115 puts (JNJ161111P115)
STO 2 JNJ 11Nov16 117 puts (JNJ161111P117) for a credit of $.63  (selling a vertical)

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

 
Happy trading.

 

Terry