$JNJ STRADDLE 251003 CALL 177.5/PUT 177.5$ I closed $JNJ STRADDLE 251003 CALL 177.5/PUT 177.5$ ,J&J started to move up making one side of the straddle fail. Exit at a loss as I don't see J&J go back down before expiry. I am testing some straddle strategy and picked J&J as my studies showed its price don't move much. However it decided to act up soon as I bought the straddle. To hedge I seperately bought a higher put, however the loss from straddle was becoming higher.
J&J started to move up making one side of the straddle fail. Exit at a loss as I don't see J&J go back down before expiry. I am testing some straddle strategy and picked J&J as my studies showed its price don't move much. However it decided to act up soon as I bought the straddle. To hedge I seperately bought a higher put, however the loss from straddle was becoming higher.
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