October 10, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 2 JNJ 14Oct16 119 puts (JNJ161014P119)
STO 2 JNJ 21Oct16 120 puts (JNJ161021P120) for a credit of $1.05  (selling a diagonal)

STO 1 JNJ 21Oct16 122 call (JNJ161021C122) for $.42

BTO 1 JNJ 21Apr17 120 put (JNJ170421P120)
STO 1 JNJ 21Oct16 120 put (JNJ161021P120) for a debit of $4.44  (buying a calendar)

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

 
Happy trading.

 

Terry