Today's OI Read — JNJ
Where the walls are, where price sits, and what the dealer positioning implies for J&J
Outside the dominant wall range — directional momentum more likely than mean reversion.
Elevated OI — dealers carry larger hedges, making price walls structurally stronger.
Below 0.8 — call OI dominates. Bullish positioning; dealers are short calls and will sell delta into rallies.
The highest OI concentration strike — the structural anchor dealers are most committed to hedging.
Price is below the dominant wall — acts as resistance.
Balanced call/put OI at the dominant wall — no dominant dealer incentive in either direction.
Today's Top Setup — JNJ
SQUEEZE, PIN, and CAGE scored 0–100 from OI structure. Highest score = today's highest-conviction setup.
Strength scores are locked
PROSee exactly which setup is most likely — and by how much
Top OI Walls
Largest open interest concentrations · sorted by strike price · * OI projected from prior day
| Rank | Strike | Call OI | Put OI | Total OI | P/C | % of Max |
|---|---|---|---|---|---|---|
| #4 | $260 Resistance | 3,474 | 0 | 3,474 | 0.00 |
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| #5 | $250 Resistance | 3,094 | 0 | 3,094 | 0.00 |
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| #2 | $240 Resistance | 3,496 | 624 | 4,120 | 0.18 |
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| #1 | $230 Resistance | 4,114 | 4,009 | 8,123 | 0.97 |
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| #3 | $225 Resistance | 490 | 3,588 | 4,078 | 7.32 |
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▶ $224.26
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SQUEEZE / PIN / CAGE Setup Backtest — JNJ
Last 50 sessions — which setup fired, what the score was, and whether it hit. See the actual win/loss record.