October 4, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 2 JNJ 07Oct16 118 calls (JNJ161007C118) for $1.47

BTO 1 JNJ 20Jan17 120 call (JNJ170120C120)
STC 1 JNJ 20Jan17 115 call (JNJ170120C115) for a credit of $3.06  (selling a vertical)

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

 
Happy trading.

 

Terry