Bearish flow noted in Johnson & Johnson with 22,072 puts trading, or 3x expected. Most active are 3/31 weekly 149 puts and 3/24 weekly 150 puts, with total volume in those strikes near 16,500 contracts. The Put/Call Ratio is 4.33, while ATM IV is up over 1 point on the day. Earnings are expected on April 18th.
Published first on TheFly
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