Surge in Options Trading for WGO, JNJ, and ON Industries

Surge in Options Trading: Winnebago, Johnson & Johnson, and ON Semiconductor are witnessing considerable contract volumes, which could indicate investor sentiment and impact stock prices.

Date: 16-01-2025

AI Rating: 5

Options Trading Volume Insights
Today's report highlights substantial options trading activity for three companies: Winnebago Industries, Inc. (WGO), Johnson & Johnson (JNJ), and ON Semiconductor Corp (ON).

WGO saw 4,611 contracts traded, equating to around 46.9% of the stock's average daily volume. A notable interest exists in the $60 strike put option, with 2,299 contracts, which might reflect bearish sentiment.
JNJ experienced options volume of 38,537 contracts, about 46.8% of its average daily volume. The $160 strike put option garnered 3,872 contracts, also indicating potential investor caution.
ON registered a trading volume of 37,349 contracts, approximately 46% of its average daily volume, with a specific interest in the $60 strike call option.

These elevated options trading levels may signal investor expectations and uncertainties, potentially affecting stock prices for the involved companies. A surge in put options, particularly for WGO and JNJ, may suggest investors anticipate downward price movement or are hedging against potential losses.

Stocks: WGO JNJ ON