By Dan Darrow

November 28, 2022

Intraday Update: JNJ

JNJ flashed up to 178+ quickly on Friday morning but quickly reversed, and now the stock is nearing that initial target range again following a solid open this morning. The plan will be to lock in some money on the Dec16 $175 - $180 call spread and roll up to a lower debit Dec30 $180 - $185 call spread. The next target is 181+.

Open Positions

* The following Open Positions pertain to the Options In Play trade ideas from this and previous editions. Disclosure of the Trader Co-Author’s actual portfolio holdings, as of the date of each publication, is made below under "Trader Author Portfolio Holdings.".

Trader Author Portfolio Holdings

**As of the date and time of publication