Financial giants have made a conspicuous bullish move on BuzzFeed. Our analysis of options history for BuzzFeed BZFD revealed 10 unusual trades.
Delving into the details, we found 80% of traders were bullish, while 20% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $442,124, and 2 were calls, valued at $58,625.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1.5 to $2.0 for BuzzFeed over the recent three months.
Analyzing Volume & Open Interest
In terms of liquidity and interest, the mean open interest for BuzzFeed options trades today is 27.5 with a total volume of 38,346.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for BuzzFeed's big money trades within a strike price range of $1.5 to $2.0 over the last 30 days.
BuzzFeed Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BZFD | PUT | TRADE | BULLISH | 01/17/25 | $0.5 | $0.45 | $0.45 | $2.00 | $112.5K | 45 | 7.2K |
| BZFD | PUT | SWEEP | BULLISH | 01/17/25 | $0.8 | $0.5 | $0.5 | $2.00 | $89.9K | 45 | 2.7K |
| BZFD | PUT | SWEEP | BULLISH | 01/17/25 | $0.7 | $0.55 | $0.55 | $2.00 | $88.0K | 45 | 1.1K |
| BZFD | PUT | SWEEP | BULLISH | 01/17/25 | $0.6 | $0.5 | $0.5 | $2.00 | $50.0K | 45 | 100 |
| BZFD | CALL | TRADE | BEARISH | 12/20/24 | $1.8 | $1.75 | $1.75 | $1.50 | $31.8K | 10 | 319 |
About BuzzFeed
BuzzFeed Inc is a tech-powered, diversified media company that reaches hundreds of millions globally through its cross-platform news and entertainment network. The company produces articles, lists, quizzes, videos, and original series; lifestyle content through brands including Tasty, social food network; original reporting and investigative journalism through BuzzFeed News and HuffPost; an industry- affiliate business, strategic partnerships, licensing and product development through BuzzFeed Commerce; and original productions across broadcast, cable, SVOD, film and digital platforms for BuzzFeed Studios.
After a thorough review of the options trading surrounding BuzzFeed, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Where Is BuzzFeed Standing Right Now?
- With a trading volume of 1,628,094, the price of BZFD is up by 5.49%, reaching $2.88.
- Current RSI values indicate that the stock is may be approaching overbought.
- Next earnings report is scheduled for 41 days from now.
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 BuzzFeed 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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