October 10, 2016  Trade Alert #2 -   JNJ Jamboree  Portfolio

We have become negative net delta once again:

 

BTC 3 JNJ 14Oct16 119 calls (JNJ161014C119)
STO 3 JNJ 21Oct16 121 calls (JNJ161021C121) for a debit of $.53  (selling a diagonal)

BTC 2 JNJ 21Oct16 119 calls (JNJ161021C119)
STO 2 JNJ 21Oct16 121 calls (JNJ161021C121) for a debit of $1.12  (buying a vertical)

BTO 1 JNJ 20Jan17 120 call (JNJ170120C120)
STC 1 JNJ 20Jan17 115 call (JNJ170120C115) for a credit of $3.28  (selling a vertical)

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

 
Happy trading.

 

Terry