Deep-pocketed investors have adopted a bearish approach towards American Intl Gr AIG, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AIG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for American Intl Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 25% leaning bullish and 75% bearish. Among these notable options, 6 are puts, totaling $223,659, and 2 are calls, amounting to $73,132.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $65.0 to $77.5 for American Intl Gr over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for American Intl Gr options trades today is 58.86 with a total volume of 2,439.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for American Intl Gr's big money trades within a strike price range of $65.0 to $77.5 over the last 30 days.
American Intl Gr 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 |
|---|---|---|---|---|---|---|---|---|
| AIG | PUT | SWEEP | BEARISH | 06/21/24 | $77.50 | $67.5K | 38 | 1 |
| AIG | CALL | SWEEP | BULLISH | 08/16/24 | $70.00 | $39.0K | 76 | 145 |
| AIG | CALL | SWEEP | BULLISH | 08/16/24 | $70.00 | $34.0K | 76 | 219 |
| AIG | PUT | SWEEP | BEARISH | 02/23/24 | $71.00 | $32.4K | 100 | 100 |
| AIG | PUT | SWEEP | BEARISH | 04/19/24 | $67.50 | $32.2K | 9 | 159 |
About American Intl Gr
American International Group is one of the largest insurance and financial services firms in the world and has a global footprint. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. The company recently spun off its life insurance operations (Corebridge), but still retains a majority stake.
Following our analysis of the options activities associated with American Intl Gr, we pivot to a closer look at the company's own performance.
American Intl Gr's Current Market Status
- With a trading volume of 2,022,021, the price of AIG is down by 0.0%, reaching $69.51.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 12 days from now.
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 American Intl Gr, 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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