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MakeMoneyCoESTB2020

JNJ reversal @ $148, buy 20 NOV PUTs $147 @ $1.45-$1.50

Short
Johnson & Johnson (NYSE:JNJ)  
MakeMoneyCoESTB2020  
NYSE:JNJ   Johnson & Johnson
Trend Analysis reversalpattern JNJ put
3
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trendanalysis reversalpattern jnj put
JNJ broke through 200 SMA. The 13 SMA & 30 SMA are preparing to cross, the MACD pre-confirmation has already occurred, historically indicating reversals for this stock. There is looming vaccine news that can impact performance but if news is mired in political discourse, reversal should hold. Got in at $1.48, looking to sell at $2.95 o/a 18NOV. $0.90 stop loss in place.
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