Smart Money Report
JNJ- Johnson & Johnson is set to announce Q1 earnings before the bell tomorrow morning. Analysts are looking for $1.48 in EPS and revenue of $18 billion. The options market is implying a $1.90 move, or 1.96%, in either direction through Friday’s close. Call to put ratio in (JNJ) options is currently 1.26, led by activity in the Apr. 19 $97.50 calls. The stock has only declined after earnings on one out of the last four reports.
KO- Another notable report due out tomorrow morning will come from Coca-Cola. Analysts are looking for $0.44 in EPS and revenue of $10.6 billion. Option traders are pricing in a $0.81 move, or 2.10%, in either direction through Friday’s close. The call to put ratio in (KO) options is currently 1.89, led by a buyer of 2,200 June $39 calls and 2,000 Aug. $41 calls. … Read More »