Financial giants have made a conspicuous bearish move on S&P Global. Our analysis of options history for S&P Global SPGI revealed 9 unusual trades.
Delving into the details, we found 44% of traders were bullish, while 55% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $132,610, and 5 were calls, valued at $212,880.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $430.0 for S&P Global over the last 3 months.
Volume & Open Interest Development
In terms of liquidity and interest, the mean open interest for S&P Global options trades today is 135.2 with a total volume of 480.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for S&P Global's big money trades within a strike price range of $230.0 to $430.0 over the last 30 days.
S&P Global 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| SPGI | CALL | TRADE | NEUTRAL | 04/05/24 | $230.00 | $80.3K | 0 | 4 |
| SPGI | CALL | SWEEP | BEARISH | 08/16/24 | $430.00 | $37.8K | 126 | 78 |
| SPGI | PUT | SWEEP | NEUTRAL | 06/21/24 | $430.00 | $35.2K | 152 | 0 |
| SPGI | PUT | TRADE | BULLISH | 01/17/25 | $420.00 | $33.1K | 230 | 0 |
| SPGI | PUT | TRADE | BULLISH | 08/16/24 | $430.00 | $32.9K | 168 | 112 |
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
Present Market Standing of S&P Global
- Currently trading with a volume of 637,456, the SPGI's price is up by 1.0%, now at $430.27.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 35 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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