Stock / Symbol: Johnson & Johnson / JNJ
Strategy: Calendar Call Spread
Trade entry date / price: 01 Oct 2020 / $148.15
Trade exit date / price: 09 Oct 2020 / $149.65
Recap: We got filled first thing this morning, giving us a nice 15 - 17% return over 8 calendar days.
Position Details:
Long 1 JNJ 18 Dec20 150 call
Short 1 JNJ 09 Oct20 150 call
In at a debit of $4.38 per contract and out at a credit of $5.15 per contact, for a net credit of $0.77 per contract.
Analysis:
Max Risk: $455 / Actual Risk: $438
Max Reward: $122 or 27% with JNJ at $150 at market close on Oct 9th
Profit Range: JNJ between $146.75 and $153.30 on Oct 9th
Commission (round trip): $2.60
Suggested Upside Stop at: $151
Suggested Downside Stop at: $144
Realized Profit / Loss: $77 or 17% (pre commission)
