Whales with a lot of money to spend have taken a noticeably bullish stance on Paramount Global.
Looking at options history for Paramount Global PARA we detected 14 trades.
If we consider the specifics of each trade, it is accurate to state that 57% of the investors opened trades with bullish expectations and 42% with bearish.
From the overall spotted trades, 8 are puts, for a total amount of $1,097,204 and 6, calls, for a total amount of $240,840.
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 $10.0 to $17.5 for Paramount Global over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Paramount Global's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Paramount Global's significant trades, within a strike price range of $10.0 to $17.5, over the past month.
Paramount Global Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PARA | PUT | SWEEP | BEARISH | 01/16/26 | $10.0 | $7.7 | $7.7 | $17.50 | $539.0K | 30.1K | 0 |
| PARA | PUT | SWEEP | BEARISH | 01/16/26 | $7.75 | $7.55 | $7.75 | $17.50 | $193.7K | 30.1K | 900 |
| PARA | PUT | SWEEP | BULLISH | 01/16/26 | $7.8 | $7.75 | $7.75 | $17.50 | $77.5K | 30.1K | 1.4K |
| PARA | PUT | SWEEP | BULLISH | 01/16/26 | $7.8 | $7.75 | $7.75 | $17.50 | $77.5K | 30.1K | 1.3K |
| PARA | PUT | SWEEP | BULLISH | 01/16/26 | $7.8 | $7.75 | $7.75 | $17.50 | $77.5K | 30.1K | 700 |
About Paramount Global
Paramount Global operates in three global business segments: TV media, filmed entertainment, and direct to consumer. The TV media business includes television production studios and various broadcast and cable networks, including CBS, 15 owned CBS affiliates, Paramount, Nickelodeon, MTV, BET, and VH1. Filmed entertainment consists multiple film studios, most importantly Paramount Pictures. The film studios produce and distribute movies that they license to movie theaters and other media outlets. Direct to consumer includes multiple streaming platforms, including Paramount+, which now includes Showtime, Pluto TV, and BET+. Much of the content on Paramount's streaming platforms is created by the production studios housed within the firm's other two business segments.
Having examined the options trading patterns of Paramount Global, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Paramount Global Standing Right Now?
- Currently trading with a volume of 4,749,089, the PARA's price is down by -1.38%, now at $9.97.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 40 days.
What Analysts Are Saying About Paramount Global
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $10.833333333333334.
- An analyst from Goldman Sachs has revised its rating downward to Sell, adjusting the price target to $9.
- An analyst from Wells Fargo has revised its rating downward to Underweight, adjusting the price target to $9.
- Consistent in their evaluation, an analyst from Rosenblatt keeps a Neutral rating on Paramount Global with a target price of $14.
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 Paramount Global 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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