• Tue. Dec 5th, 2023

Looking At Johnson & Johnson’s Recent Unusual Options Activity – Johnson & Johnson (NYSE:JNJ)

ByBenzinga Insights

Mar 13, 2023
Where Nevro Stands With Analysts

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 23 strange trades.

If we consider the specifics of each trade, it is accurate to state that 30% of the investors opened trades with bullish expectations and 69% with bearish.

From the overall spotted trades, 8 are puts, for a total amount of $1,202,068 and 15, calls, for a total amount of $1,349,628.

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 $130.0 to $170.0 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 2511.54 with a total volume of 17,326.00.

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 $130.0 to $170.0 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 PUT TRADE BEARISH 06/16/23 $160.00 $880.0K 4.2K 1.1K
JNJ CALL TRADE NEUTRAL 05/19/23 $150.00 $232.5K 638 1.6K
JNJ CALL SWEEP BEARISH 05/19/23 $150.00 $230.0K 638 1.3K
JNJ CALL TRADE BEARISH 05/19/23 $160.00 $130.3K 5.7K 2.7K
JNJ CALL SWEEP BEARISH 05/19/23 $150.00 $128.8K 638 1.0K
Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
JNJ PUT TRADE BEARISH 06/16/23 $160.00 $880.0K 4.2K 1.1K
JNJ CALL TRADE NEUTRAL 05/19/23 $150.00 $232.5K 638 1.6K
JNJ CALL SWEEP BEARISH 05/19/23 $150.00 $230.0K 638 1.3K
JNJ CALL TRADE BEARISH 05/19/23 $160.00 $130.3K 5.7K 2.7K
JNJ CALL SWEEP BEARISH 05/19/23 $150.00 $128.8K 638 1.0K

Where Is Johnson & Johnson Standing Right Now?

  • With a volume of 4,084,933, the price of JNJ is up 2.51% at $155.41.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 36 days.

What The Experts Say On Johnson & Johnson:

  • Guggenheim downgraded its action to Neutral with a price target of $161

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.



Image and article originally from www.benzinga.com. Read the original article here.