I had to wiggle out of two positions (GDXJ and JNJ)

Discussion in 'Options' started by TimtheEnchanter, Jul 9, 2020.

  1. I still have many more expiring tomorrow. ADBE, ADSK, WFC, ZM, DIS, CLX, BA net credit $1600 with a $500 long options hedge.
    GDXJ - I did not expect gold to be weak today, I was too close to ITM and my rule is as soon as that hits I am out.
    JNJ was weak along with a market. [I had some bullish positions on JNJ, GDXJ, and CLX.] The others are bearish or iron condor (or butterfly) I always mix them up.

    CLX is amazing the market(dow) is down 360 and CLX is way up! Wow!

    DIN and DRI (both restaurant chains) I have till next Friday[on the Bear side]. They are holding up.


    P.S. Both JNJ and GDXJ faked me out because, If I just hang in there...well, I like to minimize my losses.
     
    Last edited: Jul 9, 2020
    jys78 likes this.
  2. jys78

    jys78

    Good on you for planning your trades in advance, and sticking to your plan.
     
    TimtheEnchanter likes this.