Financial giants have made a conspicuous bullish move on Stellantis. Our analysis of options history for Stellantis STLA revealed 8 unusual trades.
Delving into the details, we found 62% of traders were bullish, while 37% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $147,315, and 6 were calls, valued at $285,391.
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 $15.0 to $22.0 for Stellantis during the past quarter.
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 Stellantis's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Stellantis's significant trades, within a strike price range of $15.0 to $22.0, over the past month.
Stellantis 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STLA | PUT | TRADE | BULLISH | 05/17/24 | $0.4 | $0.35 | $0.35 | $21.00 | $105.0K | 153 | 263 |
| STLA | CALL | TRADE | BULLISH | 01/17/25 | $2.35 | $2.3 | $2.35 | $22.00 | $93.5K | 2.0K | 398 |
| STLA | CALL | SWEEP | BEARISH | 12/20/24 | $4.1 | $3.9 | $4.0 | $19.00 | $52.0K | 1 | 0 |
| STLA | CALL | TRADE | BULLISH | 01/16/26 | $4.5 | $4.1 | $4.5 | $20.00 | $45.0K | 558 | 230 |
| STLA | PUT | SWEEP | BEARISH | 08/16/24 | $1.1 | $1.05 | $1.05 | $21.00 | $42.3K | 240 | 496 |
About Stellantis
Stellantis NV was formed on Jan. 16, 2021, from the merger of Fiat Chrysler Automobiles and PSA Group. The combination of the two companies created the world's fifth-largest automaker, with 14 automobile brands. In 2023, pro forma Stellantis had sales volume of 6.2 million vehicles and EUR 189.5 billion in revenue, albeit affected by the microchip shortage. Europe is Stellantis' largest market, accounting for 44% of 2023 global volume while North America and South America were 29% and 15%, respectively.
Present Market Standing of Stellantis
- Currently trading with a volume of 11,711,279, the STLA's price is down by -4.0%, now at $21.58.
- RSI readings suggest the stock is currently may be oversold.
- Anticipated earnings release is in 83 days.
Professional Analyst Ratings for Stellantis
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $30.4.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Overweight rating for Stellantis, targeting a price of $30.
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 Stellantis with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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