Exploring Current Trends in Johnson & Johnson Options Trading

Analyzing Johnson & Johnson's Options Trading Landscape

Investors have increasingly shown a strong bullish interest in Johnson & Johnson. With whales stepping into the market, the nuances in options trading are becoming apparent.

When evaluating the trading history for Johnson & Johnson (JNJ), we identified 10 specific trades revealing significant investor sentiments. Approximately 50% of these trades reflect bullish expectations, while about 30% indicate bearish sentiments.

Among the total trades observed, 5 were puts amounting to $552,410 and 5 were calls totaling $522,817. This balanced approach paints a comprehensive picture of the market dynamics at play.

Assessing Price Target Forecasts

The analysis of volume and open interest in these trades offers key insights. Investors appear to be targeting a price range of $155.00 to $170.00 for Johnson & Johnson over recent months. Identifying this price range is an essential element in understanding market expectations.

Volume and Open Interest Insights

Examining the volume and open interest provides valuable clues for conducting thorough research on a stock's performance.

This analytical approach highlights liquidity and levels of interest surrounding Johnson & Johnson’s options across various strike prices. We can observe a detailed breakdown of both calls and puts within the $155.00 to $170.00 price range over the last month, allowing traders to strategize effectively.

Snapshot of 30-Day Options Activity for Johnson & Johnson

The detailed trading activity includes several notable options movements:

Highlighted Options Transactions

In the context of current options trading, here are some significant transactions:

• Symbol: JNJ — Type: PUT — Sentiment: Bullish — Price: $4.56
• Symbol: JNJ — Type: CALL — Sentiment: Bullish — Price: $15.59
• Symbol: JNJ — Type: CALL — Sentiment: Bearish — Price: $13.45
• Symbol: JNJ — Type: CALL — Sentiment: Bullish — Price: $13.70
• Symbol: JNJ — Type: CALL — Sentiment: Neutral — Price: $9.60

Overview of Johnson & Johnson

Johnson & Johnson stands as a titan in the healthcare sector, boasting unparalleled size and diversity. Following the divestment of its consumer business, Kenvue, in 2023, the company now operates primarily through its pharmaceutical and medical device divisions, contributing to all sales volumes.

This pharmaceutical division spans several therapeutic areas including immunology, oncology, and cardiovascular fields. Currently, over half of the company’s revenues are generated within the United States, showcasing its significant domestic focus.

With an emphasis on understanding the options trading patterns, examining wider market conditions, and assessing company performance is vital.

Current Market Insights for Johnson & Johnson

• The latest trading volume stands at 4,494,400, revealing a minor shift with JNJ's price recorded at $164.64, down by 0.11%.
• Recent RSI indicators suggest the stock might be nearing an overbought condition.
• The upcoming earnings report is anticipated in approximately a month.

Analyst Outlook on Johnson & Johnson

Recently, 2 market analysts rendered their evaluations, setting a consensus target price at $215.00.

• A recent downgrade by an analyst from Cantor Fitzgerald altered its recommendation to Overweight along with a $215 target.
• Another analyst echoed sentiments of caution, reaffirming the $215 target alongside an Overweight rating.

Engaging in options trading involves inherent risks, coupled with potential for lucrative returns. Knowledgeable traders navigate these risks through education, adaptive strategies, and by staying informed on market movements. For real-time options trading updates around Johnson & Johnson, leveraging dedicated platforms provides valuable insights.

Frequently Asked Questions

1. What are the recent trends in Johnson & Johnson's options trading?

The recent trends indicate a mixed sentiment with approximately 50% bullish and 30% bearish expectations from investors.

2. What is the target price range for Johnson & Johnson?

Investors have been focusing on a target price range between $155.00 and $170.00 for the stock.

3. How many notable trades were identified?

We identified a total of 10 notable trades for Johnson & Johnson in the options market.

4. What is the current market status of Johnson & Johnson?

The current trading volume is 4,494,400, with the stock priced at $164.64, reflecting a slight downtrend.

5. What is the consensus among analysts regarding Johnson & Johnson?

The consensus target price among analysts is set at $215.00 after recent evaluations.

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