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  • Writer's picturethemoneyloaf

$87 profit in JNJ

Happy weekend!

 

Before I start, just wanted to say a huge thanks to everyone who signed up for my options course. It sold out in 18 hours, which is the fastest it's sold out ever. 

 

I'm sorry I couldn't offer a seat to everyone, but the good news is the next run should be in January 2025 and I'll announce the dates & times in this newsletter when they're ready, so look out for that. 

 

This week:

  1. $87 profit in Johnson & Johnson (JNJ)


 

$87 profit in JNJ


Some time ago I sold a $140 cash-secured put in JNJ expiring May 17 and received $132 in premium.

Just 4 trading days later, JNJ rallied and I could buy back the same position for just $45, which resulted in a realized profit of $87 or 66% of max profit.


This is my 3rd winning trade in JNJ so far in 2024, with $388 realized profit to date.

My longer term goal is to be able to pick up another 100 shares of JNJ at a discount - so whenever that happens, this $388 will help with lowering my eventual cost basis.

As always, you can get updates for all my trades within my public portfolio by joining my Bread Crumb subscription.

It's $49/month so this one winning trade in JNJ would have covered all costs (and more) for the month.



 

Closing thoughts & useful links


We're in a bit of no man's land at the moment - the market is grinding higher but without any real conviction in my opinion.

I've been sitting on a lot of capital and not opening new positions because I'm waiting for the best opportunities before taking that step - just gotta be patient.

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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