Find out what whales are doing with JNJ

A whale with plenty of cash to spend has taken a noticeably bearish stance on Johnson & Johnson.

Looking at the option history for Johnson & Johnson JNJ, we detected 15 strange trades.

If we consider the specifics of each trade, it is correct to say that 20% of investors opened trades with bullish expectations and 80% with bearish expectations.

Of all transactions identified, 9 puts, for a total amount of $831,791, and 6 calls, for a total amount of $203,868.

What is the target price?

Given the volume and open interest on these contracts, it appears that whales have targeted a price range of $90.0 to $190.0 for Johnson & Johnson at past 3 months.

Development of volume and open interest

Watching volume and open interest is a powerful move when trading options. This data can help you track the liquidity and interest of Johnson & Johnson options for a given strike price. Below we can observe the evolution of call and put volume and open interest, respectively, for all Johnson & Johnson whale trades within a strike price range of 90.0 $ to $190.0 in the last 30 days.

Johnson & Johnson Options Volume and Open Interest in the Last 30 Days The biggest options spotted: Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume JNJ PUT TRADE BEARISH 01/19/24 $165.00 $450,000 75 400 JNJ PUT TRADE BULLISH 01/20/23 $190.00 $84.8K 143 53 JNJ PUT SWEEP BEARISH 10/21/22 $190.00 $82,000 95 57 JNJ PUT SWEEP BEARISH 08/19/22 $180.00 $49,900 2.0K 101 JNJ CALL SWEEP BEARISH 08/19/22 $185.00 $44,100 4.7K 410

Symbol PUT/CALL Kind of trade Feeling Exp. Date Strike price Total trade price open interest Volume JNJ PUT TRADE BEARISH 01/19/24 $165.00 $450,000 75 400 JNJ PUT TRADE BULLISH 01/20/23 $190.00 $84.8K 143 53 JNJ PUT SWEEP BEARISH 10/21/22 $190.00 $82,000 95 57 JNJ PUT SWEEP BEARISH 08/19/22 $180.00 $49,900 2.0K 101 JNJ CALL SWEEP BEARISH 08/19/22 $185.00 $44,100 4.7K 410

Where does Johnson & Johnson stand right now? With a volume of 3,641,450, the price of JNJ is down -0.16% at $178.21. RSI indicators suggest that the underlying stock may be close to overbought. The next results should be published in 11 days. What Experts Say About Johnson & Johnson: Morgan Stanley has decided to maintain its Equal-Weight rating on Johnson & Johnson, which currently sits at a price target of $174.

Options are a riskier asset than just trading stocks, but they have a higher profit potential. Serious options traders manage this risk by educating themselves daily, moving in and out of t...