June 9, 2016  Trade Alert #2 -   JNJ Jamboree  Portfolio

We have become negative net delta once again:

 

BTC 2 JNJ 17Jun16 115 calls (JNJ160617C115)
STC 2 JNJ 15Jul16 115 calls (JNJ160715C115) for a credit of $.95  (selling a calendar)

BTC 2 JNJ 17Jun16 115 calls (JNJ160617C115)
STO 2 JNJ 1Jul16 118 calls (JNJ160701C118) for a debit of $1.30  (selling a diagonal)

STO 1 JNJ 15Jul16 120 call (JNJ160715C120) for $.65

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

 
Happy trading.

 

Terry