Investors with a lot of money to spend have taken a bearish stance on Vertiv Hldgs VRT.
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 VRT, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 12 options trades for Vertiv Hldgs.
This isn't normal.
The overall sentiment of these big-money traders is split between 41% bullish and 58%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $47,000, and 11, calls, for a total amount of $1,839,917.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $50.0 to $75.0 for Vertiv Hldgs over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Vertiv Hldgs options trades today is 1036.89 with a total volume of 5,439.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Vertiv Hldgs's big money trades within a strike price range of $50.0 to $75.0 over the last 30 days.
Vertiv Hldgs 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VRT | CALL | SWEEP | NEUTRAL | 06/21/24 | $75.00 | $453.3K | 432 | 1.0K |
| VRT | CALL | TRADE | BEARISH | 06/21/24 | $52.50 | $375.0K | 606 | 253 |
| VRT | CALL | TRADE | BEARISH | 02/16/24 | $55.00 | $294.4K | 2.5K | 370 |
| VRT | CALL | SWEEP | BULLISH | 07/19/24 | $50.00 | $217.9K | 4.0K | 138 |
| VRT | CALL | SWEEP | BULLISH | 02/16/24 | $62.50 | $156.9K | 1.1K | 697 |
About Vertiv Hldgs
Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers' vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East & Africa.
After a thorough review of the options trading surrounding Vertiv Hldgs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Vertiv Hldgs's Current Market Status
- With a volume of 1,939,801, the price of VRT is up 0.59% at $61.1.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 13 days.
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 Vertiv Hldgs with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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