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Barchart
Barchart
Mark R. Hake, CFA

Unusual Put Option Activity in Johnson & Johnson After JNJ Stock's Recent Runup

JNJ Barchart

Today, there has been unusually large put option activity in Johnson & Johnson (JNJ) following the stock's recent rise. The puts are out of the money (OTM), implying that some investors believe JNJ could tank.

JNJ stock is up again today, over 3.0% to $268.29. Investors seem to be buying ahead of its upcoming earnings release next week on July 15, before the market opens.

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