How often does Johnson & Johnson move more than the options market prices?

2 of the last 8 reports moved at least as far as the implied move.

JNJNYSEPharmaceutical Preparations

Johnson & Johnson (JNJ) earnings date, market-implied expected move, and options open interest by expiry

273.66

−1.54 · −0.56%

post 273.74 +0.03%

Closed19:54 ET

Open278.85Volume9.0MMkt cap$657.7BP/E40.98EPS6.68Div yield1.93%

Day273.32 – 281.175%52-wk181.04 – 282.0292%

JNJ

Johnson & Johnson

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Jan 20

before open · in 81 days

est.Q4 FY26

Calendar

Next report

Last report

−5.73%

vs ±3.1% implied · ×1.86

shaded = implied · ▲▼ = realized

Oct 13 '26 · confirmed

Implied vs realized

Largest filed tie

50.00%

of Anika Therapeutics revenue

supplierANIK 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+0.57%

shares held · 10 largest managers

13F · Jun 30 '26123d lag

4,698 managers

Top fund weight

10.64%

JNJ weight · XLV

N-PORTJun 30 '26

13 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Johnson & Johnson (JNJ) is expected to report on Jan 20 before open (estimated date).

Implied vs realized

8 reports

2 of 8≥ implied

avg implied: ±2.6%
avg realized: ±2.3%

Jan 22 '25Jan 22 '25confirmed±2.1%▼−1.94%×0.94

Apr 15 '25Apr 15 '25confirmed±2.2%▼−0.48%×0.21

Jul 16 '25Jul 16 '25confirmed±2.1%▲+6.19%×2.89

Oct 14 '25Oct 14 '25confirmed±2.8%▼−0.03%×0.01

Jan 21 '26Jan 21 '26confirmed±2.8%▼−0.09%×0.03

Q1 FY26Apr 14 '26confirmed±3.0%▲+0.90%×0.30

Q2 FY26Jul 15 '26confirmed±2.9%▼−2.69%×0.94

Q3 FY26Oct 13 '26confirmed±3.1%▼−5.73%×1.86

quarterimplied−10%0+10%realized×

Q3 FY26±3.1%▼−5.73%×1.86

Q2 FY26±2.9%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Oct 30 close

0.56OI · 10 expiries · Oct 30 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6 nearer expiries

10,348+2%Nov 66d1.915,415+2%1.91

2,001+16%Nov 1313d0.583,430+7%0.58

12,741−2%Nov 2020d0.7118,0490%0.71

1,823+23%Nov 2727d1.131,614+122%1.13

303−2%Dec 434d0.92328+5%0.92

28—Dec 1141d0.7040—0.70

36,7710%Dec 1848d1.0734,289+1%1.07

40,923+4%Jan 1576d0.8349,522+1%0.83

report · Jan 20 · before open · est.

ExpiryPutsCallsP/C

6 nearer expiries

Nov 66d10,348+2%5,415+2%1.91

Nov 1313d2,001+16%3,430+7%0.58

Nov 2020d12,741−2%18,049

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

0.83%as filednet margin · revenue +0.35% QoQ · +5.86% YoY

Revenue

$25.4B+0.35% QoQ

Gross profit

$17.3B+0.25% QoQ

68.12% margin

Operating income

$5.8B−18.14% QoQ

23.01% margin

Pre-tax income

$34M−99.50% QoQ

Net income

$210M−96.21% QoQ

0.83% margin

Cost of revenue

$8.1B+0.57% QoQ

Operating expenses

$11.5B+13.22% QoQ

SG&A $6.3B

R&D $5.0B

Marketing $0

Other operating $181M

Other expense

$5.8B

Tax benefit

$176M

Revenue$25.4B+0.35%

Gross profit

$17.3B+0.25%

68.12% margin

Operating income

$5.8B−18.14%

23.01% margin

Pre-tax income

$34M−99.50%

Net income

$210M−96.21%

0.83% margin

Cost of revenue

$8.1B+0.57%

Operating expenses

$11.5B+13.22%

SG&A $6.3B

R&D $5.0B

Marketing $0

Other expense

$5.8B

Tax benefit$176M

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 27 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:45 ET

Intraday

Event sensitivity

NFP ×1.60· ±1.3% vs ±0.8% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.3%5 of 10×1.60

PPIproducer prices±1.1%5 of 11×1.30

CPIconsumer prices±1.0%5 of 11×1.19

PCEpersonal income & outlays±1.0%10 of 19×1.13

FOMCrate decision±0.9%10 of 24×1.12

GDPgross domestic product±0.9%9 of 19×1.07

CPROFcorporate profits±0.7%5 of 12×0.80

Bar = avg |move| to ±2% · tick = ±0.8% avg day · ×base = |move| ÷ ±0.8% · min 6 releases

Earnings history

EPS 0.09 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 13 '26 · confirmed	0.09	—
Q2 FY26	Jul 15 '26 · confirmed	2.27	—
Q1 FY26	Apr 14 '26 · confirmed	2.14	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod