Whales with a lot of money to spend have taken a noticeably bearish stance on Prudential Financial.
Looking at options history for Prudential Financial PRU we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 25% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $274,603 and 2, calls, for a total amount of $78,950.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $80.0 to $120.0 for Prudential Financial over the recent three months.
Analyzing 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 Prudential Financial's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Prudential Financial's substantial trades, within a strike price spectrum from $80.0 to $120.0 over the preceding 30 days.
Prudential Financial 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 |
|---|---|---|---|---|---|---|---|---|
| PRU | PUT | SWEEP | BEARISH | 01/17/25 | $105.00 | $53.5K | 313 | 379 |
| PRU | CALL | SWEEP | BEARISH | 05/17/24 | $120.00 | $50.5K | 0 | 342 |
| PRU | PUT | SWEEP | BEARISH | 01/17/25 | $105.00 | $49.7K | 313 | 222 |
| PRU | PUT | TRADE | BEARISH | 01/17/25 | $105.00 | $45.3K | 313 | 294 |
| PRU | PUT | SWEEP | NEUTRAL | 01/16/26 | $110.00 | $43.8K | 80 | 34 |
About Prudential Financial
Prudential Financial is a large, diversified insurance company offering annuities, life insurance, retirement plan services, and asset management products. While it operates in a number of countries, the vast majority of revenue is generated in the United States and Japan. The company's investment management business, PGIM, contributes approximately 10% of its earnings and has around $1.3 trillion in assets under management. The US businesses are responsible for about 50% of earnings and can be classified into Institutional Retirement Strategies, Individual Retirement Strategies, Group Insurance, Individual Life Insurance, and Assurance IQ. Finally, the international business segment of the company contributes approximately 40% of earnings with a strong market position in Japan.
Following our analysis of the options activities associated with Prudential Financial, we pivot to a closer look at the company's own performance.
Present Market Standing of Prudential Financial
- Currently trading with a volume of 715,615, the PRU's price is down by -0.97%, now at $110.66.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 46 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 Prudential Financial, 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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