Financial giants have made a conspicuous bearish move on Peabody Energy. Our analysis of options history for Peabody Energy BTU revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 60% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $301,757, and 4 were calls, valued at $161,471.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $20.0 to $27.0 for Peabody Energy during the past quarter.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Peabody Energy options trades today is 767.6 with a total volume of 8,842.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Peabody Energy's big money trades within a strike price range of $20.0 to $27.0 over the last 30 days.
Peabody Energy Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BTU | PUT | TRADE | BULLISH | 05/17/24 | $1.12 | $1.04 | $1.05 | $24.00 | $105.0K | 345 | 1.5K |
| BTU | PUT | SWEEP | BULLISH | 07/19/24 | $3.35 | $3.25 | $3.25 | $27.00 | $56.5K | 883 | 179 |
| BTU | PUT | TRADE | BULLISH | 01/16/26 | $2.73 | $2.38 | $2.38 | $20.00 | $44.2K | 1.2K | 317 |
| BTU | CALL | TRADE | BEARISH | 04/19/24 | $0.87 | $0.85 | $0.85 | $24.00 | $42.5K | 1.1K | 1.0K |
| BTU | CALL | SWEEP | NEUTRAL | 04/19/24 | $0.87 | $0.85 | $0.85 | $24.00 | $42.3K | 1.1K | 499 |
About Peabody Energy
Peabody Energy Corp is a producer of metallurgical and thermal coal. It also markets and brokers coal, both as principal and agent, and trades coal and freight-related contracts. The company operates in the following segment: Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S. Thermal and Corporate and Other. Powder River Basin segment generates the majority of the revenue for the company. A substantial part of its overall revenue is generated from its customers in the United States, and rest from Japan, China, Australia, Taiwan and other regions.
Current Position of Peabody Energy
- Trading volume stands at 1,903,860, with BTU's price down by -1.19%, positioned at $24.01.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 22 days.
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 Peabody Energy with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
