This Is What Whales Are Betting On Johnson & Johnson

This Is What Whales Are Betting On Johnson & Johnson

A whale with a lot of money to spend has taken a noticeably bullish stance on Johnson & Johnson.

Looking at options history for Johnson & Johnson JNJ we detected 10 strange trades.

If we consider the specifics of each trade, it is accurate to state that 60% of the investors opened trades with bullish expectations and 40% with bearish.

From the overall spotted trades, 3 are puts, for a total amount of $152,678 and 7, calls, for a total amount of $384,570.

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 $175.0 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 $175.0 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 CALL TRADE BULLISH 10/21/22 $165.00 $121.2K 4.3K 251
JNJ PUT TRADE BULLISH 10/21/22 $175.00 $87.2K 1.9K 200
JNJ CALL SWEEP BEARISH 09/16/22 $167.50 $60.5K 4.2K 14.9K
JNJ CALL SWEEP BULLISH 10/21/22 $170.00 $55.2K 6.4K 575
JNJ CALL SWEEP BULLISH 09/16/22 $167.50 $43.1K 4.2K 5.9K

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
JNJ CALL TRADE BULLISH 10/21/22 $165.00 $121.2K 4.3K 251
JNJ PUT TRADE BULLISH 10/21/22 $175.00 $87.2K 1.9K 200
JNJ CALL SWEEP BEARISH 09/16/22 $167.50 $60.5K 4.2K 14.9K
JNJ CALL SWEEP BULLISH 10/21/22 $170.00 $55.2K 6.4K 575
JNJ CALL SWEEP BULLISH 09/16/22 $167.50 $43.1K 4.2K 5.9K

Where Is Johnson & Johnson Standing Right Now?

  • With a volume of 2,436,396, the price of JNJ is up 0.58% at $166.04.
  • RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
  • Next earnings are expected to be released in 32 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 $173.

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.

Posted In: BZI-UOAOptionsMarkets