Decoding Charles Schwab's Options Activity: What's the Big Picture?

Deep-pocketed investors have adopted a bearish approach towards Charles Schwab SCHW, 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 SCHW usually suggests something big is about to happen.

We gleaned this information from our observations today when Benzinga's options scanner highlighted 31 extraordinary options activities for Charles Schwab. This level of activity is out of the ordinary.

The general mood among these heavyweight investors is divided, with 45% leaning bullish and 54% bearish. Among these notable options, 20 are puts, totaling $1,322,567, and 11 are calls, amounting to $480,707.

Predicted Price Range

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $75.0 for Charles Schwab over the recent three months.

Insights into Volume & Open Interest

In terms of liquidity and interest, the mean open interest for Charles Schwab options trades today is 3198.12 with a total volume of 12,914.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for Charles Schwab's big money trades within a strike price range of $30.0 to $75.0 over the last 30 days.

Charles Schwab Option Volume And Open Interest Over Last 30 Days

Significant Options Trades Detected:

About Charles Schwab

Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices, a well-established online investing website, and has mobile trading capabilities. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $7 trillion of client assets at the end of December 2022. Nearly all of its revenue is from the United States.

Having examined the options trading patterns of Charles Schwab, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Where Is Charles Schwab Standing Right Now?

• With a trading volume of 5,917,809, the price of SCHW is down by -0.82%, reaching $62.41.
• Current RSI values indicate that the stock is may be oversold.
• Next earnings report is scheduled for 74 days from now.

What Analysts Are Saying About Charles Schwab

5 market experts have recently issued ratings for this stock, with a consensus target price of $71.4.

• Reflecting concerns, an analyst from JMP Securities lowers its rating to Market Outperform with a new price target of $77.
• Reflecting concerns, an analyst from Goldman Sachs lowers its rating to Neutral with a new price target of $71.
• Reflecting concerns, an analyst from Keefe, Bruyette & Woods lowers its rating to Market Perform with a new price target of $70.
• Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Charles Schwab with a target price of $75.
• Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Charles Schwab, targeting a price of $64.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Charles Schwab with Benzinga Pro for real-time alerts.