Check Out What Whales Are Doing With JNJ

Someone with a lot of money to spend has taken a bullish stance on Johnson & Johnson JNJ.

And retail traders should know.

We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with JNJ, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for Johnson & Johnson.

This isn't normal.

The overall sentiment of these big-money traders is split between 70% bullish and 30%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $67,250, and 9, calls, for a total amount of $659,557..

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 $130.0 to $170.0 for Johnson & Johnson over the last 3 months.

Volume & Open Interest Development

Looking at the volume and open interest is a powerful move while trading options. 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 trades within a strike price range from $130.0 to $170.0 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 SWEEP BULLISH 07/21/23 $160.00 $223.6K 2.6K 1.1K
JNJ CALL SWEEP BULLISH 07/21/23 $160.00 $93.5K 2.6K 148
JNJ CALL TRADE BEARISH 01/17/25 $160.00 $72.5K 619 50
JNJ CALL TRADE BULLISH 07/21/23 $150.00 $70.5K 553 80
JNJ PUT TRADE BEARISH 07/21/23 $170.00 $67.2K 321 50

Where Is Johnson & Johnson Standing Right Now?

  • With a volume of 1,011,886, the price of JNJ is up 0.01% at $156.82.
  • RSI indicators hint that the underlying stock may be oversold.
  • Next earnings are expected to be released in 55 days.

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.

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JNJJohnson & Johnson
$154.40-0.81%

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