JNJ Analysis

Johnson & Johnson (JNJ)

JNJ publishes earnings on Tuesday before the opening bell.

I shall use options that trade for the last time 11 days later, on July 28.

Implied volatility stands at 16%, which is 1.6 times the VIX, a measure of the volatility of the S&P 500 index.

JNJ’s IV stands in the 49th percentile of its annual range and the 70th percentile of its most recent broad movement.

The price used for analysis was $132.52.

At this point I can go to a decision without trying to construct a trade.


Decision for My Account

JNJ’s implied volatility has dropped below my guidelines in relationship to the annual range. Under my tighter standards during this earnings season, it is no longer a candidate for trading at this time. I shall keep an eye on it, and if it improves, I shall reconsider my decision to pass on the trade.

By Tim Bovee, Portland, Oregon, July 14, 2017


Tim Bovee, Private Trader tracks the analysis and trades of a private trader for his own accounts. Nothing in this blog constitutes a recommendation to buy or sell stocks, options or any other financial instrument. The only purpose of this blog is to provide education and entertainment.

No trader is ever 100 percent successful in his or her trades. Trading in the stock and option markets is risky and uncertain. Each trader must make trading decisions for his or her own account, and take responsibility for the consequences.

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