Financial giants have made a conspicuous bullish move on Scorpio Tankers. Our analysis of options history for Scorpio Tankers STNG revealed 14 unusual trades.
Delving into the details, we found 64% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $679,124, and 5 were calls, valued at $324,974.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $50.0 to $70.0 for Scorpio Tankers during the past quarter.
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 Scorpio Tankers's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Scorpio Tankers's significant trades, within a strike price range of $50.0 to $70.0, over the past month.
Scorpio Tankers 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 |
|---|---|---|---|---|---|---|---|---|
| STNG | PUT | TRADE | BULLISH | 01/16/26 | $50.00 | $121.0K | 233 | 551 |
| STNG | CALL | TRADE | BULLISH | 01/17/25 | $70.00 | $108.0K | 2.3K | 105 |
| STNG | CALL | TRADE | BULLISH | 01/17/25 | $70.00 | $106.5K | 2.3K | 205 |
| STNG | PUT | TRADE | BULLISH | 01/16/26 | $60.00 | $103.0K | 233 | 121 |
| STNG | PUT | TRADE | BEARISH | 01/16/26 | $55.00 | $80.0K | 211 | 200 |
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.
Having examined the options trading patterns of Scorpio Tankers, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Present Market Standing of Scorpio Tankers
- With a trading volume of 694,505, the price of STNG is up by 0.74%, reaching $66.3.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 2 days from now.
What The Experts Say On Scorpio Tankers
1 market experts have recently issued ratings for this stock, with a consensus target price of $86.0.
- An analyst from JP Morgan persists with their Overweight rating on Scorpio Tankers, maintaining a target price of $86.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
