Health Care

Johnson & Johnson (JNJ) options and signal

Figures as of 28 Sep 2026

JNJ is Johnson & Johnson, a Health Care name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	99 of 100	28 Sep
At the money IV	28.6%	28 Sep
Priced move to 30 Oct	8.1% down, 8.9% up	28 Sep
Call wall and put wall	280 and 260	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	271.95	28 Sep
Next report	13 Oct 2026	28 Sep

Options Snapshot

JNJ's IV rank is 99 of 100 on 28 Sep 2026.

Figure	Value
IV rank	99 of 100
At the money IV	28.6%, near month, 32 days
Put/call ratio, open interest	0.68
Call open interest, strikes captured near the price	121,000 contracts
Put open interest, strikes captured near the price	81,900 contracts
Cost to trade at the money	Fair, 16.4% of the option's mid price

IV rank is where the at the money IV sits among JNJ's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, JNJ options priced a move of 8.1 percent down and 8.9 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	3.4%	2.9%	262.78 to 279.96
9 Oct 2026	11	4.3%	4.6%	260.35 to 284.35
23 Oct 2026	25	7.2%	7.8%	252.45 to 293.15
30 Oct 2026	32	8.1%	8.9%	249.85 to 296.05
20 Nov 2026	53	9.7%	10.4%	245.55 to 300.35
18 Dec 2026	81	12.0%	12.4%	239.35 to 305.65
19 Mar 2027	172	17.1%	19.2%	225.45 to 324.25

The range is one standard deviation either side of the close of 271.95, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, JNJ's call wall is the 280 strike and its put wall is the 260 strike.

Figure	Value
Call wall, most open call gamma	280
Put wall, most open put gamma	260
Flip strike, where net gamma changes sign	267.57
Net dollar gamma, calls minus puts	$42.81 million
Total dollar gamma, both sides	$139 million
Close	271.95

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, JNJ's at the money IV is 28.6 percent against 20 day realized volatility of 15.0 percent.

Figure	Value
At the money IV	28.6%
Realized volatility, 20 trading days	15.0%
Realized volatility, 60 trading days	20.9%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	27.4% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, JNJ's at the money IV runs from 26.1 percent at 4 days to 27.0 percent at 172 days.

Days to expiry	At the money IV
4	26.1%
11	24.9%
18	29.5%
25	27.9%
39	29.2%
53	26.6%
81	26.1%
172	27.0%

Near and far expiries price about the same volatility, a flat term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, JNJ's IV ten percent below the price sits 0.1 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	28.6%	-0.1 points
At the money	28.6%	0.0 points
10% above the price	29.5%	+0.8 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, JNJ's surface spans 10 expiries out to 172 days, with IV from 23.6 to 46.1 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	95
Lowest IV among them	23.6%
Highest IV among them	46.1%

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Surface in RingMaster The Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, JNJ has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	26.1%	3,402	4,509
9 Oct 2026	11	24.9%	2,876	2,969
16 Oct 2026	18	29.5%	29,292	15,810
23 Oct 2026	25	27.9%	1,451	674
30 Oct 2026	32	28.6%	846	660
6 Nov 2026	39	29.2%	83	56
20 Nov 2026	53	26.6%	8,557	5,562
18 Dec 2026	81	26.1%	21,711	19,133
15 Jan 2027	109	25.7%	34,725	22,194
19 Mar 2027	172	27.0%	18,450	10,315

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, JNJ's largest open interest sits at the 250 strike, with 25,895 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
250	10,439	15,456	25,895
260	9,840	14,565	24,405
280	16,718	1,760	18,478
210	7,980	8,736	16,716
270	12,504	4,134	16,638
240	5,341	10,166	15,507

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, JNJ's at the money IV moved from 28.1 percent to 28.6 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	28.1%	28.6%	+0.5 points
Open interest, strikes captured near the price	208,370	203,275	-5,095
Put/call ratio, open interest	0.68	0.67	-0.00

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 22,427 JNJ option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	14,589
Puts traded	7,838
Against its recent average	0.9 times
Busier than	1 of its last 20 trading days
Open interest, whole chain	276,979 contracts
Volume to open interest	0.08
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of JNJ's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	259.80	$96.67 million	260	250
21 Sep 2026	269.47	$15.36 million	280	260
28 Sep 2026	271.95	$42.81 million	280	260

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of JNJ was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	273.73, the swing high of 21 Sep 2026, a close past it runs against the view
Level below the close	265.04, the swing low of 22 Sep 2026
The chart	Sits against the view
Strategy family	Bear call spread (sell a call spread above the price)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 JNJ sat at the 20th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	61 of 100	Neutral
20 trading days	19 of 100	Bearish
45 trading days	20 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026, 1 of 3 timeframes put JNJ on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	1 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 JNJ had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	20 of 100
24 Sep 2026	None	11 of 100
23 Sep 2026	None	45 of 100
22 Sep 2026	None	21 of 100
21 Sep 2026	None	7 of 100
18 Sep 2026	None	14 of 100
17 Sep 2026	None	9 of 100
16 Sep 2026	None	16 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Sector Split

On 25 Sep 2026, 32 of 120 Health Care names were bullish and 52 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Health Care	120	32	52	36

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

JNJ closed at 271.95 on 28 Sep 2026.

Figure	Value
Last close	271.95
Change over 5 trading days	+0.9%
Change over 21 trading days	+2.3%
Change over 63 trading days	+5.2%
Change over 252 trading days	+53.0%
52 week high	281.07
52 week low	177.32
20 day moving average	269.84
50 day moving average	265.35
200 day moving average	240.68
RSI, 14 days	58

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

JNJ reports next on 13 Oct 2026, and options priced an earnings move of 5.0 percent through 16 Oct 2026.

Figure	Value
Next report	13 Oct 2026, before the open
Date	Confirmed by the company
Priced earnings move	5.0%, a straddle of $13.60 at the 272.5 strike, expiring 16 Oct 2026
Move after the report of 15 Jul 2026	-2.7%
Move after the report of 14 Apr 2026	+0.9%
Move after the report of 21 Jan 2026	-0.1%
Move after the report of 14 Oct 2025	-0.0%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Public Filings

The filings the desk holds carry 1 recent trade in JNJ shares.

Filed	Who	Trade	Size
12 Sep 2026	. Thomas H. Kean, member of Congress	Sold part	$1,001 to $15,000

Every filing is reproduced as filed, and each one reaches the public days or weeks after the trade.

Filings as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 60.2 percent of JNJ's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	60.2%
Five day average	55.2%
52 week median	46.1%

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 36 Septembers on record, JNJ's average change was plus 0.4 percent, and it rose in 50.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+0.4%	+0.1%	50.0%	36
October	+2.3%	+2.0%	69.4%	36
November	+1.7%	+0.7%	61.1%	36

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 8 headlines naming JNJ in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	8
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is JNJ's IV rank?: JNJ's IV rank is 99 of 100 on 28 Sep 2026.
What move are JNJ options pricing?: On 28 Sep 2026, JNJ options priced a move of 8.1 percent down and 8.9 percent up by 30 Oct 2026.
Where are JNJ's call wall and put wall?: On 28 Sep 2026, JNJ's call wall is the 280 strike and its put wall is the 260 strike.
What was the desk's latest view of JNJ on the Free plan?: On 25 Sep 2026 the desk's view of JNJ was bearish, paper trading.
When does JNJ report earnings next?: JNJ reports next on 13 Oct 2026, and options priced an earnings move of 5.0 percent through 16 Oct 2026.

More Health Care names

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