Financial giants have made a conspicuous bearish move on S&P Global. Our analysis of options history for S&P Global SPGI revealed 17 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 64% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $238,770, and 10 were calls, valued at $387,680.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $420.0 to $430.0 for S&P Global over the recent three months.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for S&P Global's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of S&P Global's whale activity within a strike price range from $420.0 to $430.0 in the last 30 days.
S&P Global 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SPGI | CALL | TRADE | NEUTRAL | 01/17/25 | $420.00 | $54.1K | 39 | 32 |
| SPGI | CALL | TRADE | BEARISH | 01/17/25 | $420.00 | $54.0K | 39 | 11 |
| SPGI | PUT | TRADE | BEARISH | 01/17/25 | $420.00 | $51.8K | 107 | 21 |
| SPGI | CALL | TRADE | BEARISH | 01/17/25 | $420.00 | $49.1K | 39 | 21 |
| SPGI | CALL | TRADE | BEARISH | 08/16/24 | $430.00 | $38.6K | 28 | 0 |
About S&P Global
S&P Global provides data and benchmarks to capital and commodity market participants. Its ratings business is the largest credit rating agency in the world and S&P's largest segment by profitability. S&P's largest segment by revenue is market intelligence, which provides desktop, data and advisory solutions, enterprise solutions, and credit/risk solutions mostly in the financial-services industry. S&P's other segments include commodity insights (Platts and other data), mobility (Carfax), and indexes.
Having examined the options trading patterns of S&P Global, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is S&P Global Standing Right Now?
- Trading volume stands at 321,196, with SPGI's price down by 0.0%, positioned at $428.61.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 43 days.
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 S&P Global, 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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