Johnson & Johnson Option Alert: Fri $160 Calls Sweep (60) near the Ask: 5000 @ $0.132 vs 1335 OI; Ref=$155.84
Portfolio Pulse from Charles Gross
An option alert has been issued for Johnson & Johnson (JNJ) for Friday $160 calls sweep. The alert involves 5000 contracts at $0.132 each, compared to the open interest of 1335 contracts. The reference price is $155.84.
September 27, 2023 | 5:34 pm
News sentiment analysis
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The option alert for JNJ indicates a bullish sentiment among investors, as they are betting on the stock price to rise above $160 by Friday. This could potentially drive the stock price up in the short term.
The option alert indicates that investors are buying call options, which gives them the right to buy the stock at a certain price (in this case, $160) by a certain date (Friday). This suggests that these investors believe the stock price will rise above $160 by Friday. If this sentiment is widespread, it could drive up demand for the stock and thus increase its price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100