Peabody Energy Unusual Options Activity

Investors with a lot of money to spend have taken a bearish 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 11 options trades for Peabody Energy.

This isn't normal.

The overall sentiment of these big-money traders is split between 9% bullish and 63%, bearish.

Out of all of the options we uncovered, there was 1 put, for a total amount of $35,600, and 10, calls, for a total amount of $332,734.

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 $20.0 to $25.0 for Peabody Energy over the last 3 months.

Volume & Open Interest Development

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 Peabody Energy'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 Peabody Energy's whale activity within a strike price range from $20.0 to $25.0 in the last 30 days.

Peabody Energy 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

Having examined the options trading patterns of Peabody Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Peabody Energy's Current Market Status

• Currently trading with a volume of 2,550,376, the BTU's price is up by 2.19%, now at $22.42.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 1 days.

What The Experts Say On Peabody Energy

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $30.0.

• Reflecting concerns, an analyst from Benchmark lowers its rating to Buy with a new price target of $28.
• Maintaining their stance, an analyst from B. Riley Securities continues to hold a Buy rating for Peabody Energy, targeting a price of $32.

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 Peabody Energy, Benzinga Pro gives you real-time options trades alerts.