A whale with a lot of money to spend has taken a noticeably bearish stance on Johnson & Johnson.
Looking at options history for Johnson & Johnson JNJ we detected 13 strange trades.
If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $496,236 and 4, calls, for a total amount of $354,520.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $140.0 to $185.0 for Johnson & Johnson over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for Johnson & Johnson options trades today is 2353.17 with a total volume of 2,954.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Johnson & Johnson's big money trades within a strike price range of $140.0 to $185.0 over the last 30 days.
Johnson & Johnson Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JNJ | CALL | SWEEP | BEARISH | 01/17/25 | $185.00 | $241.2K | 3.0K | 1.1K |
| JNJ | PUT | SWEEP | BEARISH | 10/20/23 | $175.00 | $187.2K | 273 | 80 |
| JNJ | PUT | SWEEP | BULLISH | 01/19/24 | $160.00 | $75.1K | 7.6K | 105 |
| JNJ | CALL | SWEEP | BULLISH | 12/15/23 | $155.00 | $58.0K | 1.0K | 80 |
| JNJ | PUT | SWEEP | BEARISH | 12/15/23 | $145.00 | $39.2K | 384 | 308 |
Where Is Johnson & Johnson Standing Right Now?
- With a volume of 4,396,702, the price of JNJ is down -0.02% at $152.7.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 96 days.
What The Experts Say On Johnson & Johnson:
- RBC Capital downgraded its action to Outperform with a price target of $178
- Barclays has decided to maintain their Equal-Weight rating on Johnson & Johnson, which currently sits at a price target of $162.
- Cantor Fitzgerald downgraded its action to Overweight with a price target of $215
- Cantor Fitzgerald downgraded its action to Overweight with a price target of $215
- Cantor Fitzgerald downgraded its action to Overweight with a price target of $215
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Johnson & Johnson, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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