Trade Alert – Johnson and Johnson Stock – Puts Sold

Oct 9, 2012 | Johnson and Johnson Stock (JNJ)

The selling this morning pushed down Johnson and Johnson Stock to $68.10 and I sold the October 20 naked puts at $67.50 for 36 cents. This is a two week trade and I did 10 naked puts. I expect the stock could be under pressure further and I will roll these from October into November if need be.

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