Quantchabot has detected a new Bull Call Spread trade opportunity for JOHNSON & JOHNSON (JNJ) for the 2-Apr-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
JNJ was recently trading at $244.67 and has an implied volatility of 20.50% for this period. Based on an analysis of the options available for JNJ expiring on 2-Apr-2026, there is a 34.19% likelihood that the underlying will close within the analyzed range of $244.43-$261.98 at expiration. In this scenario, the average linear return for the trade would be 10.06%.
52 week high: JOHNSON & JOHNSON recently reached a new 52-week high at $246.88. JNJ had traded in the range $141.50-$246.35 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 $244.67 on 2-Apr-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 $243.55 on 2-Apr-2026. Based on our risk-neutral analysis, there is a 52.06% 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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