Smart money means rich and smart people who know how to make good decisions with their money. They are betting big on something called JNJ options. These are special things that let them buy or sell a company called Johnson & Johnson at a certain price in the future. The smart money people think this company will do well, so they want to be ready to buy it if the price goes down, or sell it if the price goes up. They have been doing this with many different prices for the company's shares, between $120 and $165. Read from source...
First, I would like to point out that the article is based on options history analysis, which is not a reliable or representative source of information for current or future market trends. Options are derivatives of underlying assets and their prices depend on various factors such as time, strike price, volatility, interest rates, dividends, etc. The historical data may not reflect the current sentiment or expectations of the market participants. Moreover, options can be used for hedging, speculation, arbitrage, or even manipulation purposes, so the underlying motivation and intention behind the trades cannot be easily inferred from the contracts alone.