Looking At Johnson & Johnson's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Johnson & Johnson (NYSE:JNJ), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 12 options trades, with 41% bullish and 58% bearish sentiment. Whales have been targeting a price range of $150 to $170 for JNJ over the last 3 months.
June 21, 2023 | 7:34 pm
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A large investor has taken a bearish stance on Johnson & Johnson (NYSE:JNJ) with unusual options activity. The overall sentiment is 41% bullish and 58% bearish, targeting a price range of $150 to $170.
The unusual options activity in Johnson & Johnson indicates that a large investor is taking a bearish stance on the stock. This could potentially lead to a short-term negative impact on the stock price, as the overall sentiment leans more towards bearish (58%) than bullish (41%). The targeted price range of $150 to $170 also suggests that there is potential for the stock price to move within this range in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100