Financial giants have made a conspicuous bullish move on HP. Our analysis of options history for HP HPQ 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 $108,163, and 6 were calls, valued at $297,885.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $41.0 for HP over the recent three 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 HP'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 HP's whale activity within a strike price range from $30.0 to $41.0 in the last 30 days.
HP Call and Put Volume: 30-Day Overview
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HPQ | CALL | SWEEP | BEARISH | 01/17/25 | $7.45 | $7.3 | $7.32 | $30.00 | $121.9K | 2.3K | 10 |
| HPQ | PUT | SWEEP | BULLISH | 08/16/24 | $5.15 | $5.05 | $5.05 | $41.00 | $65.6K | 2 | 0 |
| HPQ | CALL | SWEEP | BULLISH | 08/16/24 | $0.51 | $0.48 | $0.48 | $40.00 | $42.6K | 3.3K | 2.2K |
| HPQ | PUT | SWEEP | BULLISH | 08/16/24 | $5.1 | $5.0 | $5.0 | $41.00 | $42.5K | 2 | 301 |
| HPQ | CALL | SWEEP | BEARISH | 08/16/24 | $3.8 | $3.7 | $3.7 | $33.00 | $38.1K | 1.1K | 105 |
About HP
HP (formerly Hewlett-Packard) is a behemoth in the PC and printing markets. It has focused on these markets since it exited IT infrastructure in 2015 with the split from Hewlett Packard Enterprise. HP focuses on the commercial market, but maintains sales of consumer devices and printers. The firm has a broad and global customer base, with only one third of sales coming from the US. HP completely outsources manufacturing and relies heavily on channel partners for its sales and marketing.
After a thorough review of the options trading surrounding HP, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is HP Standing Right Now?
- With a volume of 3,368,899, the price of HPQ is up 1.77% at $36.26.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 82 days.
Expert Opinions on HP
In the last month, 5 experts released ratings on this stock with an average target price of $35.0.
- Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for HP, targeting a price of $38.
- Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for HP, targeting a price of $33.
- An analyst from TD Cowen has decided to maintain their Hold rating on HP, which currently sits at a price target of $32.
- Consistent in their evaluation, an analyst from Citigroup keeps a Buy rating on HP with a target price of $37.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on HP with a target price of $35.
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 HP 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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Date of Trade | ticker | Put/Call | Strike Price | DTE | Sentiment |
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