Call Traders Blitz Blue-Chip Vaccine Maker After Update

Year-over-year, JNJ is up 11%

Deputy Editor
Dec 30, 2021 at 9:59 AM
facebook twitter linkedin


Johnson & Johnson (NYSE:JNJ) stock is up 0.5% to trade at $172.38 at last check, after the blue-chip pharma giant provided an update for its Covid-19 booster shot. A South African study found that one dose of the company's booster shot was found to be 85% at preventing hospitalizations. However, that study has yet to be peer-reviewed.

Bullish options traders are responding to today's news. So far, 3,934 calls have exchanged hands, volume that's double the intraday amount and the 1,648 puts that have crossed the tape. Most popular, however, is the January 2022 170 put, followed by the weekly 12/31 175-strike call.

Now could be a good time to weigh in on the stock's next move with options. Johnson & Johnson stock's Schaeffer's Volatility Index (SVI) of 13% stands higher than just 6% of readings from the past year. This means options traders are pricing in low volatility expectations for JNJ at the moment.

While other stocks that are linked to the manufacturing of vaccines have suffered on the charts lately, it's been a different story for JNJ. Following news of a stock split, the shares have traded as low as $155 and are now testing their highest level since September, all within the span of a month. Year-over-year, JNJ is up 11.3%. 

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners