Deep-pocketed investors have adopted a bullish approach towards Scorpio Tankers STNG, 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 STNG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Scorpio Tankers. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 66% leaning bullish and 33% bearish. Among these notable options, 4 are puts, totaling $402,725, and 11 are calls, amounting to $789,390.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $90.0 for Scorpio Tankers over the recent three months.
Insights into Volume & Open Interest
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 $40.0 to $90.0, over the past month.
Scorpio Tankers 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| STNG | CALL | TRADE | BEARISH | 01/16/26 | $90.00 | $182.6K | 132 | 265 |
| STNG | CALL | TRADE | BULLISH | 01/16/26 | $85.00 | $162.4K | 29 | 0 |
| STNG | PUT | TRADE | BULLISH | 01/16/26 | $45.00 | $139.6K | 2.1K | 285 |
| STNG | PUT | TRADE | BULLISH | 01/16/26 | $45.00 | $105.3K | 2.1K | 500 |
| STNG | PUT | TRADE | NEUTRAL | 01/16/26 | $40.00 | $101.1K | 1.9K | 285 |
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.
After a thorough review of the options trading surrounding Scorpio Tankers, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Scorpio Tankers
- Currently trading with a volume of 410,749, the STNG's price is up by 0.36%, now at $66.66.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 64 days.
What Analysts Are Saying About Scorpio Tankers
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $89.0.
- An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Scorpio Tankers, which currently sits at a price target of $91.
- In a cautious move, an analyst from Jefferies downgraded its rating to Buy, setting a price target of $90.
- An analyst from JP Morgan persists with their Overweight rating on Scorpio Tankers, maintaining a target price of $86.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Scorpio Tankers options trades with real-time alerts from Benzinga Pro.
© 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.
