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 (NYSE: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, 3 are puts, for a total amount of $148,961 and 10, calls, for a total amount of $377,694.
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 $190.0 for Johnson & Johnson over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Johnson & Johnson’s options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Johnson & Johnson’s whale activity within a strike price range from $140.0 to $190.0 in 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 | SWEEP | BEARISH | 06/16/23 | $160.00 | $79.1K | 6.8K | 419 |
| JNJ | CALL | TRADE | BULLISH | 06/16/23 | $160.00 | $57.7K | 6.9K | 233 |
| JNJ | CALL | TRADE | BULLISH | 06/16/23 | $155.00 | $50.5K | 1.4K | 75 |
| JNJ | CALL | TRADE | BULLISH | 06/16/23 | $155.00 | $47.2K | 1.4K | 192 |
| JNJ | CALL | TRADE | BULLISH | 01/19/24 | $140.00 | $44.3K | 489 | 24 |
Where Is Johnson & Johnson Standing Right Now?
- With a volume of 1,038,795, the price of JNJ is down -0.31% at $161.8.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 70 days.
What The Experts Say On Johnson & Johnson:
- Morgan Stanley has decided to maintain their Equal-Weight rating on Johnson & Johnson, which currently sits at a price target of $183.
- Atlantic Equities has decided to maintain their Neutral rating on Johnson & Johnson, which currently sits at a price target of $167.
- Morgan Stanley has decided to maintain their Equal-Weight rating on Johnson & Johnson, which currently sits at a price target of $179.
- Raymond James has decided to maintain their Outperform rating on Johnson & Johnson, which currently sits at a price target of $181.
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.
