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Johnson & Johnson put quantity heavy and directionally bearish

Bearish move famous in Johnson & Johnson with 11,991 places buying and selling, or 1.4x anticipated. Most lively are 12/30 weekly 175 places and 12/30 weekly 182.5 calls, with whole quantity in these strikes close to 8,000 contracts. The Put/Name Ratio is 1.90, whereas ATM IV is up over 1 level on the day. Earnings are anticipated on January twenty fourth.
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