Atmus Filtration Techs's Options: A Look at What the Big Money is Thinking

Investors with a lot of money to spend have taken a bullish stance on Atmus Filtration Techs ATMU.

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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with ATMU, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 11 options trades for Atmus Filtration Techs.

This isn't normal.

The overall sentiment of these big-money traders is split between 63% bullish and 36%, bearish.

Out of all of the options we uncovered, 10 are puts, for a total amount of $3,163,883, and there was 1 call, for a total amount of $30,425.

Projected Price Targets

Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $22.5 to $30.0 for Atmus Filtration Techs during the past quarter.

Volume & Open Interest Development

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Atmus Filtration Techs's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Atmus Filtration Techs's substantial trades, within a strike price spectrum from $22.5 to $30.0 over the preceding 30 days.

Atmus Filtration Techs Call and Put Volume: 30-Day Overview

Biggest Options Spotted:

About Atmus Filtration Techs

Atmus Filtration Technologies Inc manufactures filtration products for on-highway commercial vehicles and off-highway agriculture, construction, mining, and power generation vehicles and equipment. It designs and manufactures advanced filtration products, principally under the Fleetguard brand, that enable lower emissions and provide asset protection. It designs, manufactures, and sells filters, coolants, and chemical products. Atmus offers products for first-fit and aftermarket applications including air filters, fuel filters, fuel water separators, lube filters, hydraulic filters, coolants, fuel additives, and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.

After a thorough review of the options trading surrounding Atmus Filtration Techs, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Current Position of Atmus Filtration Techs

• Trading volume stands at 4,921,952, with ATMU's price down by -1.47%, positioned at $24.2.
• RSI indicators show the stock to be may be approaching overbought.
• Earnings announcement expected in 58 days.

What Analysts Are Saying About Atmus Filtration Techs

1 market experts have recently issued ratings for this stock, with a consensus target price of $29.0.

• Maintaining their stance, an analyst from Baird continues to hold a Outperform rating for Atmus Filtration Techs, targeting a price of $29.

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 Atmus Filtration Techs, Benzinga Pro gives you real-time options trades alerts.