Investors with a lot of money to spend have taken a bullish stance on Johnson Controls Intl JCI.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don’t know. But when something this big happens with JCI, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga‘s options scanner spotted 10 uncommon options trades for Johnson Controls Intl.
This isn’t normal.
The overall sentiment of these big-money traders is split between 60% bullish and 40%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $606,730, and 5 are calls, for a total amount of $273,140.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $70.0 for Johnson Controls Intl during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Johnson Controls Intl’s options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Johnson Controls Intl’s whale activity within a strike price range from $60.0 to $70.0 in the last 30 days.
Johnson Controls Intl Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| JCI | PUT | SWEEP | BEARISH | 01/17/25 | $60.00 | $227.5K | 552 | 808 |
| JCI | PUT | SWEEP | BULLISH | 06/21/24 | $62.50 | $158.6K | 281 | 856 |
| JCI | PUT | SWEEP | BEARISH | 01/17/25 | $60.00 | $129.5K | 552 | 1.1K |
| JCI | CALL | SWEEP | BULLISH | 05/17/24 | $70.00 | $80.4K | 28 | 0 |
| JCI | PUT | TRADE | BULLISH | 05/17/24 | $62.50 | $63.9K | 18 | 450 |
About Johnson Controls Intl
Johnson Controls manufactures, installs, and services HVAC systems, building management systems and controls, industrial refrigeration units, and fire and security solutions. Commercial HVAC accounts for over 45% of sales, fire and security represents roughly 40% of sales, and residential HVAC, industrial refrigeration, and other solutions account for the remaining 15% of revenue. In fiscal 2023, Johnson Controls generated nearly $27 billion in revenue.
Following our analysis of the options activities associated with Johnson Controls Intl, we pivot to a closer look at the company’s own performance.
Current Position of Johnson Controls Intl
- With a volume of 2,880,648, the price of JCI is up 0.95% at $64.74.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 43 days.
What Analysts Are Saying About Johnson Controls Intl
In the last month, 1 experts released ratings on this stock with an average target price of $62.0.
- An analyst from Mizuho downgraded its action to Neutral with a price target of $62.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Johnson Controls Intl options trades with real-time alerts from Benzinga Pro.
