Financial giants have made a conspicuous bearish move on Signet Jewelers. Our analysis of options history for Signet Jewelers SIG revealed 12 unusual trades.
Delving into the details, we found 16% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $491,280, and 4 were calls, valued at $193,402.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $60.0 to $110.0 for Signet Jewelers over the recent three months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Signet Jewelers stands at 234.0, with a total volume reaching 1,755.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Signet Jewelers, situated within the strike price corridor from $60.0 to $110.0, throughout the last 30 days.
Signet Jewelers 30-Day Option Volume & Interest Snapshot
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SIG | CALL | SWEEP | NEUTRAL | 06/21/24 | $19.1 | $18.4 | $19.0 | $75.00 | $75.9K | 138 | 0 |
| SIG | PUT | TRADE | NEUTRAL | 07/19/24 | $7.8 | $6.7 | $7.25 | $100.00 | $72.5K | 977 | 110 |
| SIG | PUT | TRADE | BEARISH | 07/19/24 | $7.6 | $6.4 | $7.24 | $100.00 | $72.4K | 977 | 322 |
| SIG | PUT | TRADE | BEARISH | 07/19/24 | $7.3 | $6.5 | $7.15 | $100.00 | $71.5K | 977 | 222 |
| SIG | PUT | TRADE | NEUTRAL | 07/19/24 | $7.7 | $6.5 | $7.15 | $100.00 | $71.5K | 977 | 7 |
About Signet Jewelers
Signet Jewelers Ltd is a retailer of diamond jewelry. Its merchandise mix includes bridal, fashion, watches and others. The bridal category includes engagement, wedding and anniversary purchases. Its segments are the North America segment, the International segment, and the Other segment. The North America segment contributes to the majority of the revenue. The North America segment generates revenue from Mall and Off-mall & Outlet.
Following our analysis of the options activities associated with Signet Jewelers, we pivot to a closer look at the company's own performance.
Signet Jewelers's Current Market Status
- Trading volume stands at 2,402,667, with SIG's price down by -15.14%, positioned at $92.0.
- RSI indicators show the stock to be may be approaching oversold.
- Earnings announcement expected in 0 days.
What Analysts Are Saying About Signet Jewelers
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $115.0.
- Maintaining their stance, an analyst from Telsey Advisory Group continues to hold a Market Perform rating for Signet Jewelers, targeting a price of $110.
- An analyst from Wells Fargo persists with their Overweight rating on Signet Jewelers, maintaining a target price of $125.
- Consistent in their evaluation, an analyst from Telsey Advisory Group keeps a Market Perform rating on Signet Jewelers with a target price of $110.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Signet Jewelers, Benzinga Pro gives you real-time options trades alerts.
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