Quantchabot has detected a new Bull Call Spread trade opportunity for JOHNSON & JOHNSON (JNJ) for the 9-Oct-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
JNJ was recently trading at $277.98 and has an implied volatility of 22.94% for this period. Based on an analysis of the options available for JNJ expiring on 9-Oct-2026, there is a 34.18% likelihood that the underlying will close within the analyzed range of $279.11-$300.47 at expiration. In this scenario, the average linear return for the trade would be 10.12%.
52 week high: JOHNSON & JOHNSON recently reached a new 52-week high at $281.07. JNJ had traded in the range $173.33-$276.47 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if JNJ maintains its current direction and does not revert back to pricing on the bearish side of $277.98 on 9-Oct-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if JOHNSON & JOHNSON closes at or above $278.33 on 9-Oct-2026. Based on our risk-neutral analysis, there is a 51.51% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
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