Unveiling the Whales of the Market
Recent options activity on Johnson & Johnson (JNJ) has caught the eye of financial giants with a noticeable bearish stance. Dive deep into the options history for JNJ, and you’ll spot 8 unusual trades that speak volumes about market sentiment.
A Closer Look at Options Trends
When we delved into the details, a stark picture emerged – 25% of traders revealed bullish inclinations, while a staggering 75% displayed bearish tendencies. Among these trades, 4 were puts valued at $229,594 and 4 were calls valued at $214,282, painting a vivid portrait of market dynamics.
Targeting the Prize
Based on the analysis of Volume and Open Interest on these contracts, it’s evident that market whales have set their sights on a price range spanning from $155.0 to $175.0 for Johnson & Johnson over the past 3 months.
Deciphering Market Signals
An examination of volume and open interest provides invaluable insights into market sentiment and liquidity. Tracking the trends in calls and puts within the $155.0 to $175.0 strike price range for JNJ over the last month gives a clear indication of how the market is positioned.
The Tale of the Tape
Highlighted below are some of the most noteworthy options trades observed recently, shedding light on the sentiments prevailing in the market towards Johnson & Johnson.
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JNJ | PUT | SWEEP | BULLISH | 11/22/24 | $5.7 | $5.5 | $5.5 | $165.00 | $109.4K | 376 | 199 |
The Narrative of Johnson & Johnson
As the world’s foremost healthcare conglomerate, Johnson & Johnson boasts of a diverse portfolio encompassing pharmaceuticals and medical devices. Following the divestment of its consumer business, Kenvue, in 2023, the company now dedicates its focus to these two core divisions.
Specializing in therapeutic areas such as immunology, oncology, neurology, pulmonary, cardiology, and metabolic diseases, Johnson & Johnson’s geographical revenue distribution predominantly tilts towards the United States.
Market Standings Today
- Amidst a trading volume of 1,628,630, JNJ’s price is on an upward trajectory at $161.81, marking a 0.81% increase.
- RSI indicators reflect a neutral stance, straddling the threshold between overbought and oversold territories.
- An upcoming earnings announcement looms on the horizon, scheduled in 4 days.
Insider Insights from Analysts
Recently, 5 seasoned analysts shared their perspectives on Johnson & Johnson, collectively culminating in an average price target of $199.6.
Options trading is a realm of heightened risk but also promises the allure of superior rewards. Seasoned traders navigate these turbulent waters by embracing continuous learning, adapting strategies on the go, leveraging multiple indicators, and attuning themselves to the ever-evolving market climate.
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