September 15, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

These trades will make us more neutral net delta and increase theta:

 

BTC 2 JNJ 16Sep16 119 puts (JNJ160916P119)
STO 2 JNJ 23Sep16 117 puts (JNJ160923P117) for a debit of $  (selling a diagonal)

STO 1 JNJ 23Sep16 117 call (JNJ160923C117) for $1.50

BTO 1 JNJ 20Jan17 120 put (JNJ170120P120)
STC 1 JNJ 20Jan17 125 put (JNJ170120P125) for a credit of $3.33  (selling a vertical)

BTO 1 JNJ 20Jan17 115 call (JNJ170120C115)
STC 1 JNJ 20Jan17 120 call (JNJ170120C120) for a debit of $2.85  (buying a vertical)

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

 
Happy trading.

 

Terry