Some people who trade stocks think that Johnson & Johnson's stock price will go down soon. They are betting on this by buying options that allow them to sell the stock at a certain price in the future. This is called a "put" option. The people who bought these options paid a lot of money for them, which shows that they are confident in their prediction.

Other people are also trading options on Johnson & Johnson, but they think the stock price will go up. They are buying "call" options that allow them to buy the stock at a lower price in the future.

Overall, most of the people who are trading options on Johnson & Johnson are bearish, meaning they think the stock price will go down. The options trades suggest that the stock price might move between $135 and $170 in the near future. Read from source...

The story's main points are:

- There was a significant options activity for Johnson & Johnson on July 29, 2024.
- The activity was mostly bearish, with 4 puts and 6 calls detected.
- The price target range for the stock was estimated between $135.0 and $170.0, based on volume and open interest.
- The underlying stock was trading down -1.64% at $158.0, with RSI indicators suggesting it could be overbought.
- Analyst ratings for Johnson & Johnson were mixed, with some downgrades and some buy ratings.

The story's main points are valid and relevant, but they are presented in a way that lacks coherence, clarity, and logic. The story jumps from one point to another, without connecting them with clear transitions or explanations. The story also uses vague terms, such as "unusual options activity", "significant trades", and "price target range", without providing sufficient details or context. The story does not explain why the options activity was significant, what made it bearish, or how it related to the stock's performance. The story also does not provide any analysis or interpretation of the options data, other than stating the numbers and dates. The story does not explore the possible reasons or implications of the options activity, or how it might affect the stock's future direction. The story also does not compare the options data with the analyst ratings, or how they might contradict or support each other. The story also does not provide any background or context for Johnson & Johnson, or its current market position and performance. The story assumes that the reader already knows about the company and its stock, and does not explain why it is important or relevant. The story also does not use any sources or citations, other than Benzinga itself, which reduces its credibility and trustworthiness. The story also uses an outdated date (July 29, 2024) which is inconsistent with the current date (October 10, 2024). This could confuse or mislead the reader, or make them question the timeliness and accuracy of the information.

In conclusion, the story's main points are valid and relevant, but they are presented in a way that lacks coherence, clarity, and logic. The story needs to be rewritten in a more organized, consistent, and clear way, with more details, context, and analysis. The story also needs to use more sources and citations, and avoid using outdated dates. The story also needs to explain why the options activity was significant, what made it bearish, and how it related to the stock's performance. The story also