Investors with a lot of money to spend have taken a bullish stance on Stellantis STLA.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with STLA, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Stellantis.
This isn't normal.
The overall sentiment of these big-money traders is split between 88% bullish and 11%, bearish.
Out of all of the options we uncovered, 8 are puts, for a total amount of $319,044, and there was 1 call, for a total amount of $58,500.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $22.0 for Stellantis over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Stellantis options trades today is 2957.5 with a total volume of 3,238.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Stellantis's big money trades within a strike price range of $10.0 to $22.0 over the last 30 days.
Stellantis 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| STLA | PUT | SWEEP | BULLISH | 01/16/26 | $0.95 | $0.8 | $0.85 | $15.00 | $64.0K | 744 | 1.4K |
| STLA | CALL | TRADE | BULLISH | 01/16/26 | $11.7 | $9.0 | $11.7 | $10.00 | $58.5K | 50 | 0 |
| STLA | PUT | SWEEP | BULLISH | 01/16/26 | $3.7 | $3.6 | $3.6 | $22.00 | $54.0K | 3.2K | 9 |
| STLA | PUT | SWEEP | BULLISH | 01/16/26 | $0.95 | $0.8 | $0.85 | $15.00 | $45.5K | 744 | 886 |
| STLA | PUT | SWEEP | BULLISH | 01/16/26 | $2.0 | $1.25 | $1.35 | $17.00 | $39.4K | 7.8K | 292 |
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.
In light of the recent options history for Stellantis, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Stellantis
- With a trading volume of 8,039,179, the price of STLA is down by -2.66%, reaching $21.2.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 77 days from now.
Expert Opinions on Stellantis
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $30.4.
- An analyst from Morgan Stanley persists with their Overweight rating on Stellantis, maintaining a target price of $30.
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 Stellantis options trades with real-time alerts from Benzinga Pro.
© 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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