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  • Writer's picturethemoneyloaf

$57 profit in JNJ

Happy Sunday!

Hope 2024 has been off to a great start for you! Unfortunately I've picked up some kind of bug which has not been helped by a busy period of travel, so please excuse the shorter newsletter today.

This week:

  1. $57 profit in Johnson & Johnson (JNJ)


$57 profit in JNJ

In December, I sold the Jan 19 $145 cash-secured put in JNJ for $69.

The stock actually rallied pretty quickly, and hit my usual 50% profit target in about a week.

However, because the market as a whole was rallying all throughout December, I updated my private community that I was going to move my profit target higher, and eventually paid $12 to close the position.

This resulted in a realized profit of $57, or 83% of max profit.

This isn't something I normally do, but sometimes it's pretty clear when the market wants to continue rallying, which means letting profits run a bit.

Locking in the first profitable trade (of many) in portfolio favorite JNJ in 2024.


Closing thoughts & useful links

My outlook remains the same as it has for the last few weeks - picking only the best trades and keeping overall exposure low, until volatility picks up.

I did have a new trade in TXN this week and I think there will be more opportunities as we're getting more companies reporting earnings in the coming weeks.

Have a good weekend!


This article is for educational purposes only. This is my own portfolio which is being managed according to my goals and risk tolerance. Your situation is likely different and you should do your own due diligence before investing in stocks or options.

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