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Johnson & Johnson's Options: A Look at What the Big Money is Thinking

Author: Benzinga Insights | June 24, 2024 02:01pm

Whales with a lot of money to spend have taken a noticeably bearish stance on Johnson & Johnson.

Looking at options history for Johnson & Johnson (NYSE:JNJ) we detected 9 trades.

If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 55% with bearish.

From the overall spotted trades, 2 are puts, for a total amount of $102,020 and 7, calls, for a total amount of $379,369.

Expected Price Movements

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $160.0 for Johnson & Johnson, spanning the last three months.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Johnson & Johnson's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Johnson & Johnson's substantial trades, within a strike price spectrum from $120.0 to $160.0 over the preceding 30 days.

Johnson & Johnson Call and Put Volume: 30-Day Overview

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Ask Bid Price Strike Price Total Trade Price Open Interest Volume
JNJ CALL SWEEP BEARISH 08/16/24 $3.65 $3.6 $3.6 $150.00 $102.6K 1.3K 80
JNJ CALL TRADE BEARISH 01/17/25 $7.85 $7.75 $7.75 $150.00 $75.9K 2.1K 7
JNJ CALL TRADE BULLISH 01/16/26 $34.7 $34.1 $34.46 $120.00 $68.9K 61 0
JNJ PUT SWEEP BULLISH 10/18/24 $2.0 $1.99 $1.99 $140.00 $59.7K 878 3
JNJ PUT SWEEP BULLISH 09/20/24 $4.6 $4.55 $4.6 $150.00 $42.3K 3.3K 23

About Johnson & Johnson

Johnson & Johnson is the world's largest and most diverse healthcare firm. It has two divisions: pharmaceutical and medical devices. These now represent all of the company's sales following the divestment of the consumer business, Kenvue, in 2023. The drug division focuses on the following therapeutic areas: immunology, oncology, neurology, pulmonary, cardiology, and metabolic diseases. Geographically, just over half of total revenue is generated in the United States.

Johnson & Johnson's Current Market Status

  • With a volume of 2,871,521, the price of JNJ is up 0.27% at $149.15.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 23 days.

Expert Opinions on Johnson & Johnson

In the last month, 3 experts released ratings on this stock with an average target price of $188.33333333333334.

  • An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $175.
  • An analyst from RBC Capital has revised its rating downward to Outperform, adjusting the price target to $175.
  • In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $215.

Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Johnson & Johnson options trades with real-time alerts from Benzinga Pro.

Posted In: JNJ