Stock / Symbol: Johnson & Johnson / JNJ
Option Strategy: [private_monthly] calendar call spread + long calls[/private_monthly]
Trade entry date: Mar 19
Price at trade entry: $65.17
Price at this post: $63.90
Reasoning: Downside stop triggered, closing trade to avoid further losses.
Closing Trade Details:[private_monthly]
BTC -7 JNJ May12 65 Calls (at ask)
STC 4 JNJ Jul12 62.5 calls (at bid + $0.01)
STC 5 JNJ Jul12 65 calls (at bid + $0.01)
Max Risk: $1,575 (adjusted down from $1725)
Max Reward: unlimited by May 18
Profit Range: @ $65 and $67.3 + on May 18
Suggested downside stop: $64.35
Realized Profit / Loss upon fill: ($465)
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