Whales with a lot of money to spend have taken a noticeably bullish stance on Hewlett Packard.
Looking at options history for Hewlett Packard HPE we detected 18 trades.
If we consider the specifics of each trade, it is accurate to state that 50% of the investors opened trades with bullish expectations and 38% with bearish.
From the overall spotted trades, 2 are puts, for a total amount of $103,705 and 16, calls, for a total amount of $805,229.
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 $19.0 to $23.0 for Hewlett Packard over the last 3 months.
Volume & Open Interest Trends
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 Hewlett Packard'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 Hewlett Packard's whale activity within a strike price range from $19.0 to $23.0 in the last 30 days.
Hewlett Packard 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HPE | CALL | SWEEP | BULLISH | 11/15/24 | $2.15 | $2.1 | $2.15 | $21.00 | $107.5K | 4.8K | 42 |
| HPE | CALL | SWEEP | BEARISH | 01/17/25 | $2.65 | $2.6 | $2.65 | $21.00 | $93.5K | 1.3K | 117 |
| HPE | CALL | SWEEP | BEARISH | 07/19/24 | $0.75 | $0.7 | $0.7 | $21.00 | $80.2K | 7.0K | 380 |
| HPE | PUT | TRADE | NEUTRAL | 09/20/24 | $2.2 | $2.1 | $2.15 | $22.00 | $75.4K | 843 | 3 |
| HPE | CALL | SWEEP | BULLISH | 12/20/24 | $2.9 | $2.85 | $2.9 | $20.00 | $60.0K | 1.6K | 0 |
About Hewlett Packard
Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.
After a thorough review of the options trading surrounding Hewlett Packard, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Hewlett Packard's Current Market Status
- With a volume of 9,316,901, the price of HPE is up 2.86% at $21.05.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 63 days.
What The Experts Say On Hewlett Packard
5 market experts have recently issued ratings for this stock, with a consensus target price of $22.0.
- An analyst from B of A Securities persists with their Neutral rating on Hewlett Packard, maintaining a target price of $22.
- An analyst from Wells Fargo has decided to maintain their Equal-Weight rating on Hewlett Packard, which currently sits at a price target of $22.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Hewlett Packard, targeting a price of $21.
- An analyst from B of A Securities has decided to maintain their Neutral rating on Hewlett Packard, which currently sits at a price target of $24.
- Consistent in their evaluation, an analyst from Morgan Stanley keeps a Equal-Weight rating on Hewlett Packard with a target price of $21.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Hewlett Packard with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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