Whales with a lot of money to spend have taken a noticeably bullish stance on Saia.
Looking at options history for Saia SAIA we detected 12 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 33% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $310,952 and 5, calls, for a total amount of $172,941.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $350.0 to $500.0 for Saia over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Saia'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 Saia's whale trades within a strike price range from $350.0 to $500.0 in the last 30 days.
Saia Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SAIA | PUT | SWEEP | BULLISH | 06/21/24 | $24.2 | $22.0 | $22.6 | $400.00 | $106.0K | 27 | 101 |
| SAIA | CALL | TRADE | NEUTRAL | 05/17/24 | $58.7 | $50.8 | $54.0 | $350.00 | $54.0K | 0 | 30 |
| SAIA | PUT | SWEEP | BULLISH | 06/21/24 | $22.5 | $21.8 | $22.2 | $400.00 | $44.2K | 27 | 35 |
| SAIA | PUT | SWEEP | BULLISH | 06/21/24 | $22.7 | $22.3 | $22.3 | $400.00 | $40.1K | 27 | 67 |
| SAIA | CALL | SWEEP | BEARISH | 05/17/24 | $55.7 | $51.5 | $51.5 | $350.00 | $35.9K | 0 | 17 |
About Saia
Saia ranks among the 10 largest less-than-truckload carriers in the United States, with more than 200 facilities and a fleet of more than 6,200 tractors and 20,800 trailers. As a national LTL carrier, the firm offers time-definite and expedited options for shipments ranging between 100 and 10,000 pounds. Saia ranks among the top-tier providers in terms of profitability.
Having examined the options trading patterns of Saia, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Saia Standing Right Now?
- Currently trading with a volume of 430,737, the SAIA's price is down by -3.56%, now at $401.29.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 87 days.
Professional Analyst Ratings for Saia
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $556.4.
- An analyst from Goldman Sachs persists with their Neutral rating on Saia, maintaining a target price of $567.
- Consistent in their evaluation, an analyst from UBS keeps a Buy rating on Saia with a target price of $541.
- Consistent in their evaluation, an analyst from JP Morgan keeps a Overweight rating on Saia with a target price of $580.
- Consistent in their evaluation, an analyst from Raymond James keeps a Outperform rating on Saia with a target price of $604.
- An analyst from BMO Capital has decided to maintain their Market Perform rating on Saia, which currently sits at a price target of $490.
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 Saia 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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