Whales with a lot of money to spend have taken a noticeably bearish stance on Tenet Healthcare.
Looking at options history for Tenet Healthcare THC we detected 11 trades.
If we consider the specifics of each trade, it is accurate to state that 27% of the investors opened trades with bullish expectations and 72% with bearish.
From the overall spotted trades, 9 are puts, for a total amount of $665,976 and 2, calls, for a total amount of $219,317.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $90.0 and $105.0 for Tenet Healthcare, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Tenet Healthcare'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 Tenet Healthcare's whale activity within a strike price range from $90.0 to $105.0 in the last 30 days.
Tenet Healthcare Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| THC | CALL | SWEEP | BULLISH | 05/17/24 | $3.3 | $3.2 | $3.2 | $95.00 | $166.4K | 664 | 0 |
| THC | PUT | SWEEP | NEUTRAL | 06/21/24 | $14.9 | $14.4 | $14.4 | $105.00 | $144.0K | 209 | 100 |
| THC | PUT | SWEEP | BEARISH | 06/21/24 | $14.2 | $14.2 | $14.2 | $105.00 | $142.0K | 209 | 0 |
| THC | PUT | SWEEP | BULLISH | 06/21/24 | $9.8 | $9.4 | $9.5 | $97.50 | $105.4K | 103 | 54 |
| THC | PUT | TRADE | BEARISH | 06/21/24 | $14.5 | $13.8 | $14.5 | $105.00 | $72.5K | 209 | 200 |
About Tenet Healthcare
Tenet Healthcare is a Dallas-based healthcare services organization. It operates a collection of hospitals (about 60 as of December 2023) and over 450 ambulatory surgery centers and other outpatient facilities across the U.S., primarily in the South. Through its Conifer segment, Tenet also provides revenue cycle management solutions.
Where Is Tenet Healthcare Standing Right Now?
- With a volume of 632,812, the price of THC is down -4.28% at $91.89.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 12 days.
Expert Opinions on Tenet Healthcare
4 market experts have recently issued ratings for this stock, with a consensus target price of $116.75.
- An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $104.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Tenet Healthcare, which currently sits at a price target of $115.
- An analyst from Deutsche Bank has decided to maintain their Buy rating on Tenet Healthcare, which currently sits at a price target of $126.
- An analyst from Wolfe Research upgraded its action to Outperform with a price target of $122.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Tenet Healthcare, Benzinga Pro gives you real-time options trades alerts.
© 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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