Investors with a lot of money to spend have taken a bullish stance on Emerson Electric EMR.
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 EMR, 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 12 uncommon options trades for Emerson Electric.
This isn't normal.
The overall sentiment of these big-money traders is split between 41% bullish and 41%, bearish.
Out of all of the special options we uncovered, 2 are puts, for a total amount of $278,020, and 10 are calls, for a total amount of $598,254.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $105.0 and $130.0 for Emerson Electric, spanning the last three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Emerson Electric's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Emerson Electric's substantial trades, within a strike price spectrum from $105.0 to $130.0 over the preceding 30 days.
Emerson Electric Option Volume And Open Interest Over Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EMR | CALL | TRADE | NEUTRAL | 06/07/24 | $12.0 | $9.1 | $10.65 | $105.00 | $171.4K | 3 | 1 |
| EMR | PUT | TRADE | BEARISH | 06/20/25 | $11.2 | $8.9 | $11.2 | $120.00 | $140.0K | 0 | 125 |
| EMR | PUT | SWEEP | BEARISH | 01/17/25 | $6.9 | $6.7 | $6.9 | $115.00 | $138.0K | 404 | 0 |
| EMR | CALL | TRADE | BULLISH | 09/20/24 | $2.0 | $1.75 | $1.95 | $125.00 | $132.6K | 535 | 409 |
| EMR | CALL | SWEEP | BEARISH | 09/20/24 | $1.9 | $1.85 | $1.85 | $125.00 | $46.2K | 535 | 4 |
About Emerson Electric
Emerson Electric sells automation equipment and services under two segments: intelligent devices and software control. Within software and control, it also holds a majority interest in AspenTech, an industrial software business, and owns a test and measurement business that was formerly National Instruments. Intelligent devices also holds Emerson's tools business, which boasts several household brands, like Ridgid. Emerson's automation business is most known for its process manufacturing solutions, which consists of measurement and analytical instrumentation, as well as control valves and actuators, among other products and services. Nearly half of the firm's geographic sales come from the Americas.
Having examined the options trading patterns of Emerson Electric, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Emerson Electric Standing Right Now?
- With a volume of 4,606,936, the price of EMR is up 2.61% at $115.59.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 83 days.
What The Experts Say On Emerson Electric
In the last month, 3 experts released ratings on this stock with an average target price of $129.66666666666666.
- An analyst from Mizuho has decided to maintain their Buy rating on Emerson Electric, which currently sits at a price target of $135.
- Consistent in their evaluation, an analyst from Baird keeps a Neutral rating on Emerson Electric with a target price of $116.
- An analyst from Deutsche Bank upgraded its action to Buy with a price target of $138.
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 Emerson Electric options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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