High-rolling investors have positioned themselves bullish on Charles Schwab SCHW, 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 SCHW often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Charles Schwab. This is not a typical pattern.
The sentiment among these major traders is split, with 50% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $41,000, and 7 calls, totaling $649,142.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $60.0 and $75.0 for Charles Schwab, spanning the last three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Charles Schwab's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Charles Schwab's substantial trades, within a strike price spectrum from $60.0 to $75.0 over the preceding 30 days.
Charles Schwab 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 |
|---|---|---|---|---|---|---|---|---|
| SCHW | CALL | SWEEP | BEARISH | 09/20/24 | $75.00 | $307.5K | 4.0K | 11 |
| SCHW | CALL | SWEEP | BULLISH | 06/21/24 | $75.00 | $91.6K | 9.4K | 0 |
| SCHW | CALL | TRADE | NEUTRAL | 06/21/24 | $70.00 | $75.6K | 7.2K | 20 |
| SCHW | CALL | SWEEP | BULLISH | 04/19/24 | $67.50 | $68.4K | 9.3K | 13 |
| SCHW | CALL | TRADE | NEUTRAL | 01/17/25 | $60.00 | $43.8K | 1.9K | 0 |
About Charles Schwab
Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices, a well-established online investing website, and has mobile trading capabilities. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.
After a thorough review of the options trading surrounding Charles Schwab, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Charles Schwab Standing Right Now?
- With a trading volume of 1,185,241, the price of SCHW is up by 0.47%, reaching $70.0.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 25 days from now.
Expert Opinions on Charles Schwab
In the last month, 2 experts released ratings on this stock with an average target price of $72.5.
- An analyst from Barclays has decided to maintain their Equal-Weight rating on Charles Schwab, which currently sits at a price target of $68.
- Maintaining their stance, an analyst from Deutsche Bank continues to hold a Buy rating for Charles Schwab, targeting a price of $77.
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 Charles Schwab, 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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