Whales with a lot of money to spend have taken a noticeably bullish stance on U.S. Bancorp.
Looking at options history for U.S. Bancorp USB we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 77% of the investors opened trades with bullish expectations and 22% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $411,191 and 3, calls, for a total amount of $102,579.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $32.5 to $50.0 for U.S. Bancorp during the past quarter.
Analyzing 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 U.S. Bancorp's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to U.S. Bancorp's substantial trades, within a strike price spectrum from $32.5 to $50.0 over the preceding 30 days.
U.S. Bancorp Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| USB | PUT | TRADE | BEARISH | 04/19/24 | $40.00 | $166.3K | 2.1K | 770 |
| USB | PUT | SWEEP | BULLISH | 06/21/24 | $45.00 | $69.7K | 1.4K | 174 |
| USB | PUT | SWEEP | BULLISH | 03/15/24 | $40.00 | $57.0K | 1.5K | 452 |
| USB | PUT | SWEEP | BULLISH | 09/20/24 | $47.50 | $52.8K | 0 | 101 |
| USB | CALL | SWEEP | BULLISH | 06/21/24 | $45.00 | $42.0K | 5.2K | 414 |
About U.S. Bancorp
As a diversified financial-services provider, U.S. Bancorp is one of the nation's largest regional banks, with branches in roughly 26 states, primarily in the Western and Midwestern United States. The bank offers many services, including retail banking, commercial banking, trust and wealth services, credit cards, mortgages, and other payments capabilities.
Following our analysis of the options activities associated with U.S. Bancorp, we pivot to a closer look at the company's own performance.
Current Position of U.S. Bancorp
- Currently trading with a volume of 3,479,840, the USB's price is up by 0.12%, now at $40.2.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 89 days.
What The Experts Say On U.S. Bancorp
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $54.0.
- Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on U.S. Bancorp with a target price of $56.
- Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on U.S. Bancorp with a target price of $59.
- An analyst from RBC Capital persists with their Outperform rating on U.S. Bancorp, maintaining a target price of $47.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for U.S. Bancorp, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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