Investors with a lot of money to spend have taken a bullish stance on Peabody Energy BTU.
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 BTU, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 16 options trades for Peabody Energy.
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 $75,027, and 15, calls, for a total amount of $990,986.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $22.0 to $22.0 for Peabody Energy over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Peabody Energy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Peabody Energy's significant trades, within a strike price range of $22.0 to $22.0, over the past month.
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 | CALL | SWEEP | BULLISH | 04/26/24 | $2.8 | $2.8 | $2.8 | $22.00 | $140.0K | 1.5K | 0 |
| BTU | CALL | SWEEP | BULLISH | 04/19/24 | $2.6 | $2.45 | $2.6 | $22.00 | $130.0K | 1.1K | 558 |
| BTU | CALL | SWEEP | BULLISH | 04/19/24 | $2.7 | $2.26 | $2.6 | $22.00 | $111.5K | 1.1K | 429 |
| BTU | CALL | TRADE | BULLISH | 04/26/24 | $2.8 | $2.74 | $2.8 | $22.00 | $97.9K | 1.5K | 662 |
| BTU | CALL | SWEEP | BULLISH | 04/26/24 | $2.6 | $2.57 | $2.6 | $22.00 | $95.9K | 1.5K | 1.1K |
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.
Following our analysis of the options activities associated with Peabody Energy, we pivot to a closer look at the company's own performance.
Current Position of Peabody Energy
- With a trading volume of 1,124,885, the price of BTU is up by 1.88%, reaching $24.54.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 15 days from now.
What The Experts Say On Peabody Energy
2 market experts have recently issued ratings for this stock, with a consensus target price of $30.0.
- An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $28.
- Consistent in their evaluation, an analyst from B. Riley Securities keeps a Buy rating on Peabody Energy with a target price of $32.
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 Peabody Energy 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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