Deep-pocketed investors have adopted a bullish approach towards Vertiv Hldgs VRT, 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 VRT usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 60 extraordinary options activities for Vertiv Hldgs. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 65% leaning bullish and 35% bearish. Among these notable options, 4 are puts, totaling $733,280, and 56 are calls, amounting to $16,891,321.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $70.0 to $105.0 for Vertiv Hldgs over the recent three months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Vertiv Hldgs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Vertiv Hldgs's significant trades, within a strike price range of $70.0 to $105.0, over the past month.
Vertiv Hldgs Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VRT | CALL | TRADE | BEARISH | 11/15/24 | $90.00 | $5.8M | 1 | 4.0K |
| VRT | CALL | SWEEP | BEARISH | 06/21/24 | $80.00 | $1.2M | 4.0K | 1.9K |
| VRT | CALL | SWEEP | BULLISH | 06/21/24 | $80.00 | $688.6K | 4.0K | 511 |
| VRT | CALL | SWEEP | BULLISH | 04/19/24 | $87.00 | $521.6K | 2.1K | 1.8K |
| VRT | PUT | SWEEP | BULLISH | 01/17/25 | $82.50 | $427.7K | 3 | 301 |
About Vertiv Hldgs
Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East & Africa.
Having examined the options trading patterns of Vertiv Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Current Position of Vertiv Hldgs
- Currently trading with a volume of 4,270,141, the VRT's price is up by 0.81%, now at $82.61.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 29 days.
What The Experts Say On Vertiv Hldgs
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $85.0.
- Maintaining their stance, an analyst from B of A Securities continues to hold a Buy rating for Vertiv Hldgs, targeting a price of $90.
- An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Vertiv Hldgs, which currently sits at a price target of $80.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Vertiv Hldgs options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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