Financial giants have made a conspicuous bearish move on Vertiv Hldgs. Our analysis of options history for Vertiv Hldgs VRT revealed 23 unusual trades.
Delving into the details, we found 26% of traders were bullish, while 65% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $506,765, and 14 were calls, valued at $2,371,427.
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 $57.5 to $100.0 for Vertiv Hldgs during the past quarter.
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 Vertiv Hldgs'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 Vertiv Hldgs's whale trades within a strike price range from $57.5 to $100.0 in the last 30 days.
Vertiv Hldgs Option Activity Analysis: 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| VRT | CALL | SWEEP | BEARISH | 07/19/24 | $5.4 | $5.3 | $5.4 | $100.00 | $800.4K | 2.7K | 1.4K |
| VRT | CALL | SWEEP | BEARISH | 07/19/24 | $5.5 | $5.2 | $5.3 | $100.00 | $682.8K | 2.7K | 2.7K |
| VRT | CALL | SWEEP | BEARISH | 06/21/24 | $5.2 | $5.1 | $5.1 | $95.00 | $296.3K | 8.0K | 717 |
| VRT | PUT | SWEEP | BEARISH | 01/17/25 | $3.3 | $2.5 | $3.1 | $57.50 | $214.8K | 19 | 693 |
| VRT | CALL | TRADE | BULLISH | 06/21/24 | $15.0 | $13.7 | $15.0 | $75.00 | $111.0K | 2.8K | 85 |
About Vertiv Hldgs
Vertiv Holdings Co brings together hardware, software, analytics and ongoing services to ensure its customers vital applications run continuously, perform optimally and grow with their business needs. The company solves the important challenges faced by data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Its services include critical power, thermal management, racks and enclosures, monitoring and management, and other services. Its three business segments include the Americas, Asia Pacific; and Europe, Middle East & Africa.
In light of the recent options history for Vertiv Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Vertiv Hldgs
- Currently trading with a volume of 4,849,337, the VRT's price is down by -5.46%, now at $87.92.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 91 days.
Professional Analyst Ratings for Vertiv Hldgs
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $97.2.
- Consistent in their evaluation, an analyst from Oppenheimer keeps a Outperform rating on Vertiv Hldgs with a target price of $98.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Vertiv Hldgs, targeting a price of $100.
- Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Vertiv Hldgs with a target price of $90.
- Reflecting concerns, an analyst from Oppenheimer lowers its rating to Outperform with a new price target of $96.
- An analyst from Citigroup has decided to maintain their Buy rating on Vertiv Hldgs, which currently sits at a price target of $102.
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 Vertiv Hldgs, 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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