$JNJ Johnson and Johnson Ready To Give Investors a Headache?

This chart should give bulls a headache heading into tomorrow Johnson and Johnson earnings report.



The $96 puts are going for $.55 right now.


$JNJ reports earnings before the bell tomorrow.  I think investors of the maker of Tylenol could have a big headache come Tuesday.  A move to $95 and below to the bottom of trend line support is in the cards.

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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