High-rolling investors have positioned themselves bullish on Charles Schwab SCHW, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in SCHW often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Charles Schwab. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 37% bearish. Among all the options we identified, there was one put, amounting to $28,515, and 7 calls, totaling $409,201.
What's The Price Target?
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $72.0 to $95.0 for Charles Schwab during the past quarter.
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 Charles Schwab's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Charles Schwab's significant trades, within a strike price range of $72.0 to $95.0, over the past month.
Charles Schwab Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SCHW | CALL | SWEEP | BULLISH | 09/20/24 | $3.15 | $3.05 | $3.15 | $80.00 | $157.3K | 1.3K | 506 |
| SCHW | CALL | SWEEP | BEARISH | 07/19/24 | $1.86 | $1.85 | $1.85 | $80.00 | $57.0K | 2.7K | 420 |
| SCHW | CALL | SWEEP | NEUTRAL | 06/20/25 | $3.65 | $3.25 | $3.6 | $95.00 | $56.9K | 197 | 784 |
| SCHW | CALL | TRADE | NEUTRAL | 01/17/25 | $4.65 | $4.5 | $4.58 | $82.50 | $45.8K | 1.6K | 100 |
| SCHW | CALL | SWEEP | BEARISH | 05/17/24 | $1.84 | $1.7 | $1.7 | $75.00 | $34.0K | 3.5K | 6 |
About Charles Schwab
Charles Schwab operates in brokerage, wealth management, banking, and asset-management businesses. The company runs a large network of brick-and-mortar brokerage branch offices, a well-established online investing website, and has mobile trading capabilities. It also operates a bank and a proprietary asset management business and offers services to independent investment advisors. The company is among the largest firms in the investment business, with over $8 trillion of client assets at the end of December 2023. Nearly all of its revenue is from the United States.
Following our analysis of the options activities associated with Charles Schwab, we pivot to a closer look at the company's own performance.
Charles Schwab's Current Market Status
- Currently trading with a volume of 4,038,232, the SCHW's price is down by -0.77%, now at $74.61.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 82 days.
What The Experts Say On Charles Schwab
5 market experts have recently issued ratings for this stock, with a consensus target price of $80.6.
- An analyst from Piper Sandler persists with their Overweight rating on Charles Schwab, maintaining a target price of $78.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Charles Schwab with a target price of $89.
- An analyst from B of A Securities persists with their Underperform rating on Charles Schwab, maintaining a target price of $70.
- An analyst from Barclays has decided to maintain their Equal-Weight rating on Charles Schwab, which currently sits at a price target of $74.
- Maintaining their stance, an analyst from TD Cowen continues to hold a Buy rating for Charles Schwab, targeting a price of $92.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Charles Schwab with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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