Some people who have a lot of money think that Johnson & Johnson, a big company that makes medicine and other things, will not do well in the future. They are betting on this by buying something called options. Options are like a ticket that lets you buy or sell something at a certain price and time. These people bought mostly options that say they can sell Johnson & Johnson's stuff for less money than it is now. This means they think the price will go down. Some other experts who study companies also have different opinions about how much Johnson & Johnson's stuff is worth, but they all agree that it won't change too much in the next few months. So, some people are worried and some are not so worried, but everyone is watching to see what happens with Johnson & Johnson. Read from source...

- The article title is misleading and exaggerated, as it implies that the options market can reveal a lot of information about Johnson & Johnson's performance, prospects, and fundamentals. However, the article only discusses the trading activity of some whales and analysts, which may not reflect the overall sentiment or expectations of the market.
- The article does not provide any clear explanation of what options are, how they work, and why they are used by investors. It assumes that the reader already has some basic knowledge of options trading, which may not be the case for many potential readers who are interested in learning more about this topic.
- The article uses vague and ambiguous terms to describe the trades, such as "bullish" and "bearish", without defining what they mean or how they are measured. It also does not provide any context or rationale for why some investors opened trades with different expectations, or how their positions may affect the stock price in the future.
- The article relies heavily on analyst ratings and price targets, which are often subject to change and manipulation by various factors, such as market sentiment, earnings surprises, news events, etc. It does not critically evaluate the validity or reliability of these ratings, nor does it compare them with other sources of information, such as fundamental analysis, technical analysis, or social media signals.
- The article lacks any objective or logical reasoning behind the predicted price range, which seems to be based on arbitrary assumptions and calculations. It also does not explain how the volume and open interest are related to the options trading activity, or what implications they may have for the stock's liquidity, volatility, and value.
- The article contains several inconsistencies and contradictions in the ratings and price targets of different analysts, which suggest that there is no consensus or agreement among them regarding Johnson & Johnson's future performance. It also does not acknowledge the possibility of errors or biases in their methods or motives, nor does it provide any evidence or arguments to support or refute their claims.

Given the information provided in the article, I would suggest the following investment strategies for Johnson & Johnson:

1. Put options: Since 75% of the whales have a bearish outlook on JNJ, you may want to consider selling put options with a strike price below the predicted price range ($155 to $165). This would allow you to collect premium income while potentially being assigned shares at a lower price than the current market value. However, this strategy also carries the risk of having to buy the stock at the specified strike price if it is triggered.

2. Call spread: Another option is to implement a call spread strategy by selling a call option with a strike price of $165 and buying another call option with a lower strike price ($150, for example). This would limit your exposure to the upside potential of JNJ while still capturing some gains if the stock reaches or exceeds the higher strike price. The premium received from selling the call spread can be used to offset the cost of the long call option.

3. Covered calls: A covered call strategy involves holding a long position in JNJ and selling a call option with a strike price above the current market value. This would generate additional income while allowing you to retain ownership of the stock. However, this strategy also limits your upside potential if the stock rises significantly.

4. Diversification: Depending on your overall portfolio composition and risk tolerance, you may want to consider diversifying your JNJ holdings by investing in other related or unrelated sectors. This would help reduce the impact of any adverse events affecting Johnson & Johnson on your total portfolio performance.

5. Market timing: Finally, it is important to monitor the market conditions and news developments related to Johnson & Johnson and adjust your investment strategies accordingly. For example, if you see a significant increase in bullish sentiment or positive catalysts, you may want to consider switching from put options to call options or vice versa.

As for the risks involved, the main ones are market volatility, changes in interest rates, economic conditions, regulatory actions, competition, legal issues, product recalls, and adverse events affecting Johnson & Johnson or its industry peers. These factors can influence the stock price and options value of JNJ in unpredictable ways, so it is crucial to stay informed and flexible in your investment approach.