Jun. 4 at 6:11 AM
$JNJ Johnson & Johnson is at a crucial spot on the daily chart, trading right along an important diagonal trendline. Price has been teasing with a downside breakout for the past 3 days and could slip down to the 200 DMA in the
$210S if we do see a confirmed break 🩸
Net put premiums spiked on Wednesday, especially on the 8/21 and 10/16 expirations.