Whales with a lot of money to spend have taken a noticeably bearish stance on Corebridge Financial.
Looking at options history for Corebridge Financial CRBG we detected 8 trades.
If we consider the specifics of each trade, it is accurate to state that 12% of the investors opened trades with bullish expectations and 75% with bearish.
From the overall spotted trades, 4 are puts, for a total amount of $161,105 and 4, calls, for a total amount of $350,270.
Predicted Price Range
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $22.5 and $30.0 for Corebridge Financial, spanning the last three months.
Insights into 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 Corebridge Financial's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Corebridge Financial's significant trades, within a strike price range of $22.5 to $30.0, over the past month.
Corebridge Financial 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CRBG | CALL | SWEEP | BEARISH | 07/19/24 | $1.0 | $0.95 | $0.95 | $30.00 | $159.6K | 13.0K | 884 |
| CRBG | CALL | SWEEP | BEARISH | 07/19/24 | $1.2 | $0.95 | $0.95 | $30.00 | $79.7K | 13.0K | 2.9K |
| CRBG | PUT | SWEEP | BULLISH | 10/18/24 | $1.1 | $0.8 | $0.85 | $22.50 | $77.1K | 1.4K | 596 |
| CRBG | CALL | SWEEP | BEARISH | 07/19/24 | $1.15 | $1.05 | $1.05 | $30.00 | $63.7K | 13.0K | 874 |
| CRBG | CALL | SWEEP | BEARISH | 07/19/24 | $1.0 | $0.9 | $0.95 | $30.00 | $47.1K | 13.0K | 3.9K |
About Corebridge Financial
Corebridge Financial Inc provides retirement solutions and insurance products in the United States. It offers a broad set of products and services through five segments namely Individual Retirement, Group Retirement, Life Insurance, Institutional Markets businesses, Corporate and Other. The majority of its revenue derives from the Individual Retirement segment.
After a thorough review of the options trading surrounding Corebridge Financial, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is Corebridge Financial Standing Right Now?
- Trading volume stands at 1,629,299, with CRBG's price up by 3.51%, positioned at $27.7.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 1 days.
Expert Opinions on Corebridge Financial
In the last month, 5 experts released ratings on this stock with an average target price of $33.8.
- An analyst from Keefe, Bruyette & Woods has decided to maintain their Outperform rating on Corebridge Financial, which currently sits at a price target of $38.
- Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Corebridge Financial, targeting a price of $32.
- An analyst from Wells Fargo has decided to maintain their Overweight rating on Corebridge Financial, which currently sits at a price target of $33.
- Maintaining their stance, an analyst from Piper Sandler continues to hold a Overweight rating for Corebridge Financial, targeting a price of $34.
- Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $32.
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 Corebridge Financial options trades with real-time alerts from Benzinga Pro.
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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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