Synaptic724

JNJ Sideways and decline

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Synaptic724 アップデート済   
NYSE:JNJ   Johnson & Johnson
JNJ debit spread 130/120 Put spread 2.53 debit Max profit is 7.47 exp September 20th.


I have a pretty long debit spread on JNJ its a high reward low risk trade.

I think it may continue lower slightly and hit my target which in this case will be $5 on the spread.

If I lose and it rises and stays above 135 etc. I will close the trade on August 30th for a loss and salvage anything that I can.

This is a journal entry and not trading advice.

Double bottom breakdown and sideways movement is my prediction since we're in a bull market it may move higher.
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$18 dollar loss
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