Financial Giants Make Bearish Moves on JNJ Options
Recent data reveals that financial giants have placed bearish bets on Johnson & Johnson. Analysis of options history for JNJ showed 8 unusual trades, with 25% of traders displaying bullish sentiments and 75% exhibiting bearish tendencies. The trades consisted of 4 puts valued at $229,594 and 4 calls valued at $214,282.
Price Target Insights
Whales in the market have been eyeing a price range between $155.0 and $175.0 for Johnson & Johnson over the past 3 months, as indicated by the volume and open interest on these contracts.
Uncovering Volume & Open Interest Trends
Volume and open interest data offer essential insights into stock research, providing a window into liquidity and interest levels for Johnson & Johnson’s options at specific strike prices within the range of $155.0 to $175.0 over the last month.
Largest Options Trades Observed
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JNJ | PUT | SWEEP | BULLISH | 11/22/24 | $5.7 | $5.5 | $5.5 | $165.00 | $109.4K | 376 | 199 |
About Johnson & Johnson
Johnson & Johnson, the world’s largest healthcare firm, operates in pharmaceutical and medical devices. With its recent divestment of Kenvue in 2023, these two divisions now encompass all of its sales. Geographically, over half of its revenue is derived from the United States.
Current Status of Johnson & Johnson
- Trading volume is at 1,628,630, with JNJ’s price up 0.81% at $161.81.
- RSI indicators suggest a neutral position between overbought and oversold for the stock.
- An earnings announcement is expected within the next 4 days.
Analysts’ View on Johnson & Johnson
Recent analyst reports indicate an average price target of $199.6 for JNJ, based on assessments from 5 professional analysts. Various analyst actions include upgrades and downgrades, with price targets ranging from $175 to $215.
Options trading carries inherent risks but also presents potential for significant profits. Traders can manage these risks through education, strategic adjustments, the use of indicators, and staying informed about market dynamics.
Stay updated on the latest options trades for Johnson & Johnson with real-time alerts from Benzinga Pro.
