Decoding New York Community's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bullish stance on New York Community NYCB.

And retail traders should know.

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

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 12 uncommon options trades for New York Community.

This isn't normal.

The overall sentiment of these big-money traders is split between 58% bullish and 41%, bearish.

Out of all of the special options we uncovered, 8 are puts, for a total amount of $383,300, and 4 are calls, for a total amount of $379,774.

Predicted Price Range

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $1.0 and $7.0 for New York Community, spanning the last three months.

Volume & Open Interest Development

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for New York Community's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across New York Community's significant trades, within a strike price range of $1.0 to $7.0, over the past month.

New York Community Option Volume And Open Interest Over Last 30 Days

Largest Options Trades Observed:

About New York Community

New York Community Bancorp Inc is the bank holding company. It is a New York State-chartered savings bank that operates through eight local divisions: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio, and AmTrust Bank in Florida and Arizona. The bank compete for depositors in diverse markets with a comprehensive menu of products and services, and access to multiple service channels, including online banking, mobile banking, and banking by phone. It is also a producer of multi-family loans in New York City.

Following our analysis of the options activities associated with New York Community, we pivot to a closer look at the company's own performance.

New York Community's Current Market Status

• Trading volume stands at 22,686,748, with NYCB's price up by 3.27%, positioned at $5.06.
• RSI indicators show the stock to be may be approaching oversold.
• Earnings announcement expected in 74 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 New York Community with Benzinga Pro for real-time alerts.