High-rolling investors have positioned themselves bullish on Scorpio Tankers STNG, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in STNG often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Scorpio Tankers. This is not a typical pattern.
The sentiment among these major traders is split, with 75% bullish and 25% bearish. Among all the options we identified, there was one put, amounting to $30,600, and 7 calls, totaling $290,121.
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 $40.0 and $80.0 for Scorpio Tankers, spanning the last three months.
Volume & Open Interest Trends
In today's trading context, the average open interest for options of Scorpio Tankers stands at 2694.25, with a total volume reaching 683.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Scorpio Tankers, situated within the strike price corridor from $40.0 to $80.0, throughout the last 30 days.
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 | SWEEP | BULLISH | 01/16/26 | $80.00 | $70.5K | 2.9K | 222 |
| STNG | CALL | SWEEP | BULLISH | 01/16/26 | $80.00 | $61.6K | 2.9K | 162 |
| STNG | CALL | SWEEP | BULLISH | 01/16/26 | $80.00 | $43.7K | 2.9K | 82 |
| STNG | CALL | TRADE | BULLISH | 09/20/24 | $60.00 | $32.9K | 5.9K | 38 |
| STNG | PUT | TRADE | BULLISH | 01/16/26 | $40.00 | $30.6K | 1.9K | 90 |
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.
In light of the recent options history for Scorpio Tankers, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Scorpio Tankers Standing Right Now?
- Trading volume stands at 427,757, with STNG's price up by 0.07%, positioned at $66.9.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 55 days.
What The Experts Say On Scorpio Tankers
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $90.5.
- In a cautious move, an analyst from Jefferies downgraded its rating to Buy, setting a price target of $90.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Scorpio Tankers, targeting a price of $91.
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 Scorpio Tankers with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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