Winning and losing option plays in Johnson & Johnson (NYSE: JNJ)
The Pick Johnson & Johnson (NASDAQ: JNJ): On Oct. 16, a Fast Money cast member said, At , JNJ is a good buy. JNJ shares were trading at , up from .80 at the time of Fast Moneys call. Bullish Option Traders for JNJ: Bullish investors bought Stock for .80 and sold the January 60 calls for .05 to pay .75. The call expired with the stock at .56, making this trade a winner of .25 with the stock up .20. Bearish Option Traders for JNJ: Bearish investors bought April 80 puts for .30 and sold April 60 puts for , paying a net debit of .30 per spread. This spread is now marked at .50, making this trade a loser of .80 with the stock up .20. By opening a free virtual trading account with optionshouse, you can build a profit/loss diagram to help visualize this trade. For more trading ideas and breaking news on the options market, stay tuned in to The Options News Network.