September 19, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta.  These trades will help:

 

BTO 2 JNJ 20Jan17 120 puts (JNJ170120P120)
STC 2 JNJ 20Jan17 125 puts (JNJ170120P125) for a credit of $3.25  (selling a vertical)

BTO 3 JNJ 20Jan17 120 calls (JNJ170120C120)
STO 3 JNJ 30Sep16 119 puts (JNJ160930P119) for a debit of $2.18  (buying a diagonal)

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

 
Happy trading.

 

Terry