September 22, 2016  Trade Alert  -   JNJ Jamboree  Portfolio

We have become negative net delta:

 

BTC 2 JNJ 23Sep16 117 puts (JNJ160923P117) for $.03 (no commission)

STO 2 JNJ 30Sep16 120 puts (JNJ160930P120) for $.95

BTC 2 JNJ 23Sep16 118 calls (JNJ160923C118)
STO 2 JNJ 30Sep16 120 calls (JNJ160930C120) for a debit of $.99  (selling a diagonal)

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

 
Happy trading.

 

Terry