Deep-pocketed investors have adopted a bearish approach towards U.S. Bancorp USB, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in USB usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 9 extraordinary options activities for U.S. Bancorp. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 44% leaning bullish and 55% bearish. Among these notable options, 6 are puts, totaling $253,213, and 3 are calls, amounting to $212,154.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $52.5 for U.S. Bancorp over the last 3 months.
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 U.S. Bancorp's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to U.S. Bancorp's substantial trades, within a strike price spectrum from $40.0 to $52.5 over the preceding 30 days.
U.S. Bancorp Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| USB | CALL | SWEEP | BEARISH | 03/22/24 | $43.50 | $91.0K | 293 | 3.2K |
| USB | CALL | SWEEP | BULLISH | 03/22/24 | $44.00 | $77.5K | 704 | 3.4K |
| USB | PUT | SWEEP | BEARISH | 06/21/24 | $42.50 | $63.0K | 4.5K | 600 |
| USB | PUT | SWEEP | BEARISH | 06/21/24 | $42.50 | $51.2K | 4.5K | 0 |
| USB | CALL | SWEEP | BULLISH | 03/22/24 | $43.00 | $43.5K | 699 | 114 |
About U.S. Bancorp
As a diversified financial-services provider, U.S. Bancorp is one of the nation's largest regional banks, with branches in roughly 26 states, primarily in the Western and Midwestern United States. The bank offers many services, including retail banking, commercial banking, trust and wealth services, credit cards, mortgages, and other payments capabilities.
Following our analysis of the options activities associated with U.S. Bancorp, we pivot to a closer look at the company's own performance.
Present Market Standing of U.S. Bancorp
- Currently trading with a volume of 7,411,541, the USB's price is up by 2.96%, now at $43.47.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 28 days.
What The Experts Say On U.S. Bancorp
In the last month, 1 experts released ratings on this stock with an average target price of $55.0.
- An analyst from Oppenheimer persists with their Outperform rating on U.S. Bancorp, maintaining a target price of $55.
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 U.S. Bancorp with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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