Johnson & Johnson put volume heavy and directionally bearish
The Fly

Johnson & Johnson put volume heavy and directionally bearish

Bearish flow noted in Johnson & Johnson with 18,981 puts trading, or 3x expected. Most active are Mar-24 155 puts and Mar-24 152.5 puts, with total volume in those strikes near 12,300 contracts. The Put/Call Ratio is 2.57, while ATM IV is up over 1 point on the day. Earnings are expected on April 16th.

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