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Johnson & Johnson Whale Trades Spotted

Benzinga's options scanner just detected over 10 options trades for Johnson & Johnson (NYSE:JNJ) summing a total amount of $451,480. At the same time, our algo caught 8 for a total amount of 391,980.

Benzinga · 12/29/2021 12:11

Benzinga's options scanner just detected over 10 options trades for Johnson & Johnson (NYSE:JNJ) summing a total amount of $451,480.

At the same time, our algo caught 8 for a total amount of 391,980.

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 $165.0 to $190.0 for Johnson & Johnson over the last 3 months.

Volume & Open Interest Development

In terms of liquidity and interest, the mean open interest for Johnson & Johnson options trades today is 7713.25 with a total volume of 4,325.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Johnson & Johnson's big money trades within a strike price range of $165.0 to $190.0 over the last 30 days.

Johnson & Johnson Option Volume And Open Interest Over Last 30 Days

Options Call Chart

Biggest Options Spotted:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
JNJ CALL TRADE BEARISH 01/21/22 $170.00 $198.4K 16.9K 958
JNJ PUT TRADE BULLISH 01/21/22 $190.00 $67.5K 106 35
JNJ CALL TRADE BULLISH 01/21/22 $165.00 $59.5K 11.2K 0
JNJ PUT TRADE BULLISH 01/21/22 $175.00 $48.4K 2.5K 303
JNJ PUT TRADE BULLISH 01/21/22 $175.00 $47.5K 2.5K 303

Where Is Johnson & Johnson Standing Right Now?

  • With a volume of 1,044,997, the price of JNJ is up 0.38% at $171.0.
  • RSI indicators hint that the underlying stock may be overbought.
  • Next earnings are expected to be released in 27 days.

What The Experts Say On Johnson & Johnson:

  • Goldman Sachs downgraded its action to Neutral with a price target of $161

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 are already an options trader or would like to get started, head on over to Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy.