If you haven`t bought JNJ before the previous earnings:
Then analyzing the options chain and the chart patterns of JNJ Johnson & Johnson prior to the earnings report this week, I would consider purchasing the 145usd strike price Puts with an expiration date of 2025-1-17, for a premium of approximately $7.55. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Trade closed: target reached
JNJ dropped to $143.18 after the earnings release. The puts were definitely profitable, but I didn't monitor the options chain back then.
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