Financial giants have made a conspicuous bearish move on Futu Hldgs. Our analysis of options history for Futu Hldgs FUTU revealed 14 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $99,350, and 12 were calls, valued at $2,129,075.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $60.0 to $80.0 for Futu Hldgs over the last 3 months.
Analyzing 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 Futu Hldgs's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Futu Hldgs's significant trades, within a strike price range of $60.0 to $80.0, over the past month.
Futu Hldgs Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FUTU | CALL | SWEEP | BULLISH | 01/16/26 | $22.95 | $22.95 | $23.0 | $60.00 | $460.0K | 955 | 0 |
| FUTU | CALL | SWEEP | BULLISH | 01/16/26 | $15.7 | $15.35 | $15.7 | $80.00 | $313.9K | 4.5K | 4 |
| FUTU | CALL | TRADE | BULLISH | 01/16/26 | $15.65 | $15.5 | $15.65 | $80.00 | $311.4K | 4.5K | 486 |
| FUTU | CALL | TRADE | BEARISH | 01/16/26 | $15.7 | $15.55 | $15.55 | $80.00 | $309.4K | 4.5K | 206 |
| FUTU | CALL | TRADE | BEARISH | 01/16/26 | $16.55 | $15.65 | $15.65 | $80.00 | $156.5K | 4.5K | 685 |
About Futu Hldgs
Futu Holdings Ltd is an online broker providing one-stop online investing services. The company provides its services through its digital platform Futu NiuNiu, which includes market data, trading service, and news feed of Hong Kong, Mainland China, Singapore, and United States equity markets. It generates its revenue in the form of brokerage commission and handling charge services.
Having examined the options trading patterns of Futu Hldgs, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Futu Hldgs's Current Market Status
- With a volume of 613,667, the price of FUTU is down -1.38% at $68.1.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 65 days.
Professional Analyst Ratings for Futu Hldgs
In the last month, 2 experts released ratings on this stock with an average target price of $88.9.
- Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Futu Hldgs with a target price of $85.
- In a positive move, an analyst from JP Morgan has upgraded their rating to Overweight and adjusted the price target to $92.
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 Futu Hldgs 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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