September 13, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

These trades will make us less positive net delta and increase theta:

 

BTO 1 JNJ 20Jan17 115 call (JNJ170120C115)
STC 1 JNJ 20Jan17 120 call (JNJ170120C120) for a debit of $3.02  (buying a vertical)

BTC 2 JNJ 16Sep16 120 calls (JNJ160916C120)
STO 2 JNJ 23Sep16 118 calls (JNJ160923C118) for a credit of $1.06  (selling a diagonal)

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

 
Happy trading.

 

Terry