Financial giants have made a conspicuous bearish move on Vertiv Hldgs. Our analysis of options history for Vertiv Hldgs VRT revealed 13 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 69% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $909,746, and 10 were calls, valued at $320,318.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $40.0 to $86.0 for Vertiv Hldgs over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Vertiv Hldgs's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Vertiv Hldgs's whale trades within a strike price range from $40.0 to $86.0 in the last 30 days.
Vertiv Hldgs 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VRT | PUT | SWEEP | BEARISH | 05/17/24 | $5.9 | $5.7 | $5.9 | $80.00 | $540.5K | 6.6K | 591 |
| VRT | PUT | SWEEP | BULLISH | 05/17/24 | $5.9 | $5.8 | $5.8 | $80.00 | $338.7K | 6.6K | 591 |
| VRT | CALL | TRADE | BEARISH | 06/21/24 | $14.4 | $14.1 | $14.2 | $75.00 | $42.6K | 2.7K | 30 |
| VRT | CALL | TRADE | NEUTRAL | 04/26/24 | $44.1 | $42.3 | $43.2 | $40.00 | $38.8K | 9 | 9 |
| VRT | CALL | TRADE | NEUTRAL | 04/12/24 | $6.9 | $6.6 | $6.74 | $77.00 | $35.0K | 97 | 64 |
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.
Following our analysis of the options activities associated with Vertiv Hldgs, we pivot to a closer look at the company's own performance.
Present Market Standing of Vertiv Hldgs
- With a volume of 2,673,852, the price of VRT is up 0.11% at $85.43.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 16 days.
Expert Opinions on Vertiv Hldgs
In the last month, 4 experts released ratings on this stock with an average target price of $89.0.
- An analyst from Oppenheimer downgraded its action to Outperform with a price target of $96.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Vertiv Hldgs with a target 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 $90.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Vertiv Hldgs, targeting a price 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.
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