The Pick Johnson & Johnson (NASDAQ: JNJ):
On Oct. 16, a Fast Money cast member said, At $60, JNJ is a good buy. JNJ shares were trading at $64, up from $60.80 at the time of Fast Moneys call.
Bullish Option Traders for JNJ:
Bullish investors bought Stock for $60.80 and sold the January 60 calls for $2.05 to pay $58.75. The call expired with the stock at $64.56, making this trade a winner of $1.25 with the stock up $3.20.
Bearish Option Traders for JNJ:
Bearish investors bought April 80 puts for $20.30 and sold April 60 puts for $3, paying a net debit of $17.30 per spread. This spread is now marked at $15.50, making this trade a loser of $1.80 with the stock up $3.20.
By opening a free virtual trading account with OptionsHouse, you can build a profit/loss diagram to help visualize this trade.
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