Yesterday’s Bear Call Spread on Johnson & Johnson (JNJ) reached its profit target far ahead of schedule. The position was opened on Monday and closed on Tuesday after a clean downside move in the underlying delivered the planned return in a single session.
What happened
JNJ pulled back sharply on Tuesday, dropping toward the 210 area after trading in clearly overextended territory. That move was enough for the spread to decay rapidly, allowing me to exit early and lock in my predefined weekly target.
No need to wait.
No need to force expiration.
Capital freed immediately.
This is exactly how I want these trades to behave.
Why I exited early
This setup was never about holding until January expiration.
The objective was simple:
use elevated conditions, give the trade time if needed — but take profits aggressively when the market offers them.
Once price slipped to ~210.5, the spread reached the zone where additional gains were no longer worth the remaining exposure. I closed the position and moved on.
Trade Recap
Structure: Bear Call Credit Spread
Expiration: January 16, 2026
Strikes: 210 / 220
Entry Date: December 15, 2025
Exit Date: December 16, 2025
Net Profit: $498 (after commissions)
👉 View on OptionStrat
👉 View in Trade Log
Final note
This trade is a good example of why I focus on defined risk, realistic targets, and flexibility.
When the market gives you your week’s goal in one day — you take it.
No hero trades.
No predictions.
Just disciplined execution.
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Disclaimer
All content is for informational purposes only and does not constitute financial advice.Any trades or strategies should be tested in a simulated environment before use.Trading involves risk, and all decisions are the sole responsibility of the reader.
You're the man! Nice trade.
Nice trade, and thanks!