Options · JNJ

GEX × Max Pain for JNJ

AI-generated plain-English read of gex × max pain for JNJ. Updated daily.

Expect chop between $140.00 and $315.00 — two magnets pulling in opposite directions, and the damper regime keeps moves contained.

What will probably happen

Short-term: expect oscillation between $140.00 and $315.00. No directional commitment without an external catalyst.
Longer-dated OI is positioned for settlement at $185.00 (-33% from here) — gravitational pull down over weeks-to-months.

If you HOLD this stock: No structural action needed. Dampers are protecting you this week.
If you TRADE this stock (no options): Range-trade between $140.00 and $315.00. Both edges are defended; breakouts on no news will fail.
If you trade OPTIONS: Iron condor wide enough to bracket $140.00–$315.00. Damper absorbs noise inside the band; theta prints without a directional bet.

Clear regime, tight convergence, full term structure (16 expirations).

Technical details

Term: Term structure: max-gamma falls from $315.00 (front) to $185.00 (longest-dated); max-pain rises from $140.00 to $185.00.
Regime: Net GEX is positive ($296.24) and the per-strike GEX never flips sign — dealers are net long gamma across the chain, hedging activity DAMPENS moves throughout the listed strike range.
Structure: Spot $276.22; front-week magnet at $315.00 (max-gamma) and $140.00 (max-pain).
Convergence: Split: max-gamma ($315.00) sits above spot while max-pain ($140.00) sits below. Hedging and OI math are pulling in OPPOSITE directions — expect chop in the band between them rather than a clean directional move.

Key price and metric levels
Level	Value
far pain	185
far gamma	185

One mid-curve expiration carries >5× the front-week dollar GEX — single-position concentration risk; signal is more vulnerable to unwinds.
Net GEX rounds to near-zero — likely thin chain or stale/noisy IVs; lean on the max-pain signal over the GEX signal.