Jun. 2 at 3:36 AM
$JNJ trading ~
$223.51, showing aggressive institutional positioning as shown in "image_ab5278.png" with significant call blocks targeting the
$230–
$250 range through August.
📈 Setup: Smart money is betting on a summer recovery, with heavy block buying in the
$230 calls (07/17) and
$250 calls (08/21), indicating institutional confidence in the oncology pipeline.
🐂 Bull Trigger: A clean daily close above
$230.00 confirms the institutional breakout, setting the stage for a push toward
$240.00 and beyond.
🐻 Bear Level: A failure to hold
$220.00 support invalidates the bullish flow and risks a deeper retest of the
$215.00 zone.
📊 Trend: BULLISH — Unusual option activity shows clear accumulation at these levels, betting on a reversal driven by pipeline execution.
#jnj #optionsflow #hovdid
