Whales with a lot of money to spend have taken a noticeably bullish 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 77% of the investors opened trades with bullish expectations and 22% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $130,505 and 6, calls, for a total amount of $278,695.

Expected Price Movements

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 $160.0 for Johnson & Johnson over the last 3 months.

Analyzing Volume & Open Interest

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 $130.0 to $160.0 over the preceding 30 days.

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

Largest Options Trades Observed:

About Johnson & Johnson

Following our analysis of the options activities associated with Johnson & Johnson, we pivot to a closer look at the company's own performance.

Current Position of Johnson & Johnson

• With a volume of 1,964,188, the price of JNJ is up 1.88% at $155.21.
• RSI indicators hint that the underlying stock may be approaching overbought.
• Next earnings are expected to be released in 83 days.

What The Experts Say On Johnson & Johnson

5 market experts have recently issued ratings for this stock, with a consensus target price of $182.0.

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.