Investors with a lot of money to spend have taken a bearish stance on Peabody Energy BTU.
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 BTU, 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 11 uncommon options trades for Peabody Energy.
This isn't normal.
The overall sentiment of these big-money traders is split between 36% bullish and 63%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $297,292, and 2 are calls, for a total amount of $103,377.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $22.0 to $27.0 for Peabody Energy over the last 3 months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Peabody Energy options trades today is 1600.3 with a total volume of 6,523.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Peabody Energy's big money trades within a strike price range of $22.0 to $27.0 over the last 30 days.
Peabody Energy Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| BTU | CALL | SWEEP | BEARISH | 06/21/24 | $22.00 | $78.3K | 1.3K | 270 |
| BTU | PUT | SWEEP | BULLISH | 07/19/24 | $26.00 | $50.0K | 188 | 156 |
| BTU | PUT | SWEEP | BEARISH | 01/17/25 | $25.00 | $38.8K | 3.1K | 1.0K |
| BTU | PUT | SWEEP | BULLISH | 04/19/24 | $22.00 | $38.2K | 442 | 803 |
| BTU | PUT | SWEEP | BULLISH | 02/23/24 | $23.50 | $30.0K | 169 | 1.5K |
About Peabody Energy
Peabody Energy Corp is a producer of metallurgical and thermal coal. It also markets and brokers coal, both as principal and agent, and trades coal and freight-related contracts. The company operates in the following segment: Seaborne Thermal Mining, Seaborne Metallurgical Mining, Powder River Basin Mining, Midwestern U.S. Mining, Other U.S. Thermal Mining, and Corporate and Other.
In light of the recent options history for Peabody Energy, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Peabody Energy
- With a trading volume of 1,857,341, the price of BTU is down by -0.12%, reaching $24.35.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 65 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 Peabody Energy, 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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