Investors with a lot of money to spend have taken a bullish stance on Rio Tinto RIO.
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with RIO, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Rio Tinto.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 50%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $142,710, and 9, calls, for a total amount of $310,200.
Expected Price Movements
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $85.0 for Rio Tinto, spanning the last three months.
Analyzing Volume & Open Interest
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Rio Tinto's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Rio Tinto's substantial trades, within a strike price spectrum from $65.0 to $85.0 over the preceding 30 days.
Rio Tinto 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| RIO | PUT | TRADE | BEARISH | 06/20/25 | $20.1 | $17.5 | $20.1 | $85.00 | $142.7K | 0 | 0 |
| RIO | CALL | SWEEP | BULLISH | 06/21/24 | $4.1 | $4.0 | $4.1 | $65.00 | $41.0K | 9.1K | 346 |
| RIO | CALL | SWEEP | BULLISH | 06/21/24 | $4.1 | $4.0 | $4.1 | $65.00 | $41.0K | 9.1K | 340 |
| RIO | CALL | SWEEP | BEARISH | 06/21/24 | $4.1 | $3.9 | $4.0 | $65.00 | $40.4K | 9.1K | 746 |
| RIO | CALL | TRADE | BULLISH | 06/21/24 | $4.0 | $4.0 | $4.0 | $65.00 | $40.0K | 9.1K | 746 |
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.
In light of the recent options history for Rio Tinto, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Where Is Rio Tinto Standing Right Now?
- With a trading volume of 3,227,694, the price of RIO is down by -0.39%, reaching $66.01.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 103 days from now.
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.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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