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  • Writer's picturethemoneyloaf

JNJ assignment update

This week: just a short update on the long-running JNJ position.

Spoilers: it's ongoing.


JNJ trade update

A recap of where this trade has gone: It started with selling a $160 cash-secured put, which ended up in early assignment (I had to buy 100 shares of JNJ at $160 per share). JNJ did climb above $160, at which point I sold a covered strangle to bring in more premium. The entire covered strangle expired worthless, leaving me with 100 shares of stock. This week I sold a $160 covered call expiring on Friday for $50, that expired worthless. My new plan is to set up a new covered strangle in the Jun 16 expiry. I already sold the put side of the strangle, and will be looking to sell the call if we get a bounce next week. The total premium collected so far is $854, which means even at current prices the trade is actually profitable - but I think more can be made on the trade. You can read more about the last JNJ trade update at the link below.


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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