Financial giants have made a conspicuous bearish move on Scorpio Tankers. Our analysis of options history for Scorpio Tankers STNG revealed 9 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $208,750, and 6 were calls, valued at $1,060,815.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $40.0 to $80.0 for Scorpio Tankers over the recent three months.
Insights into Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Scorpio Tankers's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Scorpio Tankers's substantial trades, within a strike price spectrum from $40.0 to $80.0 over the preceding 30 days.
Scorpio Tankers Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| STNG | CALL | TRADE | BEARISH | 09/20/24 | $70.00 | $370.0K | 534 | 500 |
| STNG | CALL | SWEEP | BEARISH | 01/16/26 | $80.00 | $282.5K | 3.2K | 250 |
| STNG | CALL | TRADE | BULLISH | 01/16/26 | $55.00 | $220.0K | 531 | 0 |
| STNG | PUT | SWEEP | BEARISH | 01/16/26 | $40.00 | $123.5K | 1.9K | 0 |
| STNG | CALL | TRADE | BULLISH | 01/17/25 | $50.00 | $82.0K | 4.1K | 40 |
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.
Present Market Standing of Scorpio Tankers
- With a volume of 515,130, the price of STNG is down 0.0% at $67.13.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 60 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 JP Morgan persists with their Overweight rating on Scorpio Tankers, maintaining a target price of $86.
- Reflecting concerns, an analyst from Jefferies lowers its rating to Buy with a new price target of $90.
- 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.
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.
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