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Looking At Johnson & Johnson’s Recent Whale Trades – Johnson & Johnson (NYSE:JNJ)

Looking At Johnson & Johnson’s Recent Whale Trades – Johnson & Johnson (NYSE:JNJ) #Johnson #Johnsons #Whale #Trades #Johnson #Johnson #NYSEJNJ Welcome to Americanah Blog, here is the new story we have for you today:

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Someone with a lot of money to spend has taken a bearish 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.

So how do we know what this whale just did?

Today, Benzinga‘s options scanner spotted 22 uncommon options trades for Johnson & Johnson.

This isn’t normal.

The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $402,474, and 14 are calls, for a total amount of $982,422.

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 $80.0 to $180.0 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 $80.0 to $180.0 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
$160.00
$170.8K
1.1K
400


JNJ
PUT
SWEEP
BEARISH
10/21/22
$160.00
$105.2K
6.6K
756


JNJ
CALL
SWEEP
BULLISH
10/21/22
$165.00
$100.4K
6.5K
931


JNJ
CALL
SWEEP
BEARISH
01/20/23
$140.00
$100.2K
263
39


JNJ
CALL
TRADE
BULLISH
10/21/22
$165.00
$97.5K
6.5K
427

Where Is Johnson & Johnson Standing Right Now?


With a volume of 5,402,999, the price of JNJ is up 2.2% at $166.87.
RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
Next earnings are expected to be released in 26 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.

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