Johnson & Johnson Provides Upbeat Booster Shot Update

The security boasts reasonably priced options at the moment

Deputy Editor
Sep 21, 2021 at 10:28 AM
facebook X logo linkedin

The shares of Johnson & Johnson (NYSE:JNJ) are up 0.7% to trade at $164.90 at last check, after the company said a second shot of its Covid-19 vaccine administered about two months after the first dose increases effectiveness against moderate to severe disease to 94%. Plus, the pharmaceutical concern added the booster shot increases antibody levels four to six times.

On the charts, Johnson & Johnson stock yesterday fell to a three-month low of $162.16, with pressure coming from the once-supportive 150-day moving average, which coincides with a recent ceiling that has formed at the $166 level. Year-over-year, though, the security is still up 14%.

An unwinding of pessimism in the options could boost the shares. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), JNJ's 10-day put/call volume ratio stands higher than 80% of readings in the past year. This means puts have been getting picked up at a quicker-than-usual clip in the last two weeks.

At the moment, JNJ options are reasonably priced. This is per Johnson & Johnson stock's  Schaeffer's Volatility Index (SVI) of 19%, which ranks in the 30th percentile of its annual range, implying that options players are pricing in relatively low volatility expectations.



Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI