Deep-pocketed investors have adopted a bullish approach towards United Parks & Resorts PRKS, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PRKS usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for United Parks & Resorts. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 50% leaning bullish and 50% bearish. Among these notable options, 3 are puts, totaling $77,960, and 7 are calls, amounting to $327,634.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $48.0 to $60.0 for United Parks & Resorts over the last 3 months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in United Parks & Resorts's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to United Parks & Resorts's substantial trades, within a strike price spectrum from $48.0 to $60.0 over the preceding 30 days.
United Parks & Resorts Option Activity Analysis: Last 30 Days
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PRKS | CALL | TRADE | BEARISH | 09/20/24 | $1.65 | $1.4 | $1.42 | $60.00 | $94.5K | 0 | 666 |
| PRKS | CALL | SWEEP | BULLISH | 06/21/24 | $3.5 | $3.3 | $3.5 | $48.00 | $43.7K | 1 | 500 |
| PRKS | CALL | SWEEP | BEARISH | 06/21/24 | $3.6 | $3.5 | $3.5 | $48.00 | $43.7K | 1 | 250 |
| PRKS | CALL | SWEEP | BULLISH | 06/21/24 | $3.6 | $3.5 | $3.5 | $48.00 | $43.0K | 1 | 102 |
| PRKS | CALL | SWEEP | BULLISH | 06/21/24 | $3.5 | $3.4 | $3.4 | $48.00 | $42.5K | 1 | 375 |
About United Parks & Resorts
United Parks & Resorts Inc operates in the United States leisure industry. Its core business is the operation of theme parks and such entertainment facilities involving sea animals across the country under prominent brands such as SeaWorld, Busch Gardens, Aquatica, Discovery Cove and Sesame Place. The company generates majority of its revenue from selling admission tickets for its theme parks.
After a thorough review of the options trading surrounding United Parks & Resorts, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is United Parks & Resorts Standing Right Now?
- Trading volume stands at 908,693, with PRKS's price down by -0.88%, positioned at $49.33.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 1 days.
Expert Opinions on United Parks & Resorts
Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $57.5.
- An analyst from Citigroup has decided to maintain their Neutral rating on United Parks & Resorts, which currently sits at a price target of $57.
- Consistent in their evaluation, an analyst from Truist Securities keeps a Buy rating on United Parks & Resorts with a target price of $58.
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 United Parks & Resorts 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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