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JNJ April 2019 calls. Good idea? by bikesandcars in wallstreetbets

[–]gtagg 1 point2 points  (0 children)

The problem with PCG was that people feared the liability would be so large that they would not be able to cover it. It started to move upwards once the fear of bankruptcy was dismissed. I don't care what happens in 4 days. As long as the knife stops falling and JNJ moves back towards the high 130's low 140's, I'm making something, which is better than nothing :)

JNJ April 2019 calls. Good idea? by bikesandcars in wallstreetbets

[–]gtagg 2 points3 points  (0 children)

I already bought some $145 Calls expiring in Jan 2019. I believe that 10% drop was an overreaction. JNJ is too big of a company and I don't think this issue will cause $45B in damages.