Financial giants have made a conspicuous bearish move on Rio Tinto. Our analysis of options history for Rio Tinto RIO revealed 9 unusual trades.
Delving into the details, we found 33% of traders were bullish, while 66% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $231,178, and 5 were calls, valued at $596,284.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $72.5 for Rio Tinto over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Rio Tinto options trades today is 844.83 with a total volume of 6,051.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Rio Tinto's big money trades within a strike price range of $60.0 to $72.5 over the last 30 days.
Rio Tinto 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RIO | CALL | SWEEP | BEARISH | 01/17/25 | $3.7 | $3.5 | $3.5 | $72.50 | $177.2K | 544 | 1.0K |
| RIO | CALL | SWEEP | BEARISH | 01/17/25 | $3.8 | $3.5 | $3.5 | $72.50 | $175.0K | 544 | 506 |
| RIO | CALL | SWEEP | BEARISH | 01/17/25 | $4.3 | $3.5 | $3.5 | $72.50 | $154.3K | 544 | 1.9K |
| RIO | PUT | SWEEP | BEARISH | 04/19/24 | $2.2 | $2.15 | $2.15 | $67.50 | $103.4K | 963 | 604 |
| RIO | CALL | SWEEP | BEARISH | 01/17/25 | $3.7 | $3.5 | $3.5 | $72.50 | $62.6K | 544 | 1.5K |
About Rio Tinto
Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.
After a thorough review of the options trading surrounding Rio Tinto, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Current Position of Rio Tinto
- With a volume of 3,582,838, the price of RIO is up 3.46% at $65.18.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 107 days.
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 Rio Tinto options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
