Decoding Scorpio Tankers's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bullish stance on Scorpio Tankers STNG.

And retail traders should know.

We noticed this today when the positions 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 STNG, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 10 options trades for Scorpio Tankers.

This isn't normal.

The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $42,900, and 9, calls, for a total amount of $736,967.

Expected Price Movements

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $25.0 to $65.0 for Scorpio Tankers during the past quarter.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Scorpio Tankers's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Scorpio Tankers's substantial trades, within a strike price spectrum from $25.0 to $65.0 over the preceding 30 days.

Scorpio Tankers Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About Scorpio Tankers

Scorpio Tankers Inc is a provider of marine transportation of petroleum products. It owns, lease finances or bareboat charters-in 113 product tankers namely 39 LR2 tankers, 60 MR tankers and 14 Handymax tankers. The company's fleet of tankers is the largest, most eco-friendly and newest fleet on the water hauling clean petroleum products.

Current Position of Scorpio Tankers

• Trading volume stands at 570,880, with STNG's price down by -0.8%, positioned at $71.04.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 14 days.

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 Scorpio Tankers, Benzinga Pro gives you real-time options trades alerts.