Deep-pocketed investors have adopted a bearish approach towards American Intl Gr AIG, 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 AIG usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 12 extraordinary options activities for American Intl Gr. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 66% bearish. Among these notable options, 7 are puts, totaling $363,482, and 5 are calls, amounting to $361,253.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $72.5 and $82.5 for American Intl Gr, spanning the last three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for American Intl Gr options trades today is 1758.0 with a total volume of 3,170.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for American Intl Gr's big money trades within a strike price range of $72.5 to $82.5 over the last 30 days.
American Intl Gr 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 |
|---|---|---|---|---|---|---|---|---|
| AIG | CALL | SWEEP | BEARISH | 06/21/24 | $77.50 | $156.1K | 7.4K | 1.0K |
| AIG | CALL | SWEEP | NEUTRAL | 06/21/24 | $77.50 | $82.1K | 7.4K | 222 |
| AIG | PUT | TRADE | BULLISH | 01/17/25 | $77.50 | $78.7K | 198 | 127 |
| AIG | PUT | SWEEP | BEARISH | 05/17/24 | $72.50 | $78.4K | 85 | 1.4K |
| AIG | PUT | SWEEP | BEARISH | 05/17/24 | $72.50 | $73.6K | 85 | 24 |
About American Intl Gr
American International Group is one of the largest insurance and financial services firms in the world and has a global footprint. It operates through a wide range of subsidiaries that provide property, casualty, and life insurance. The company recently spun off its life insurance operations (Corebridge), but still retains a majority stake.
Having examined the options trading patterns of American Intl Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
American Intl Gr's Current Market Status
- With a trading volume of 2,147,599, the price of AIG is up by 0.31%, reaching $76.98.
- Current RSI values indicate that the stock is may be overbought.
- Next earnings report is scheduled for 42 days from now.
Expert Opinions on American Intl Gr
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $79.0.
- An analyst from Wells Fargo persists with their Equal-Weight rating on American Intl Gr, maintaining a target price of $74.
- Maintaining their stance, an analyst from UBS continues to hold a Buy rating for American Intl Gr, targeting a price of $84.
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 American Intl Gr with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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