Whales with a lot of money to spend have taken a noticeably bullish stance on International Paper.
Looking at options history for International Paper IP we detected 26 trades.
If we consider the specifics of each trade, it is accurate to state that 69% of the investors opened trades with bullish expectations and 26% with bearish.
From the overall spotted trades, 18 are puts, for a total amount of $1,483,377 and 8, calls, for a total amount of $1,044,783.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $37.5 to $50.0 for International Paper during the past quarter.
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 International Paper's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across International Paper's significant trades, within a strike price range of $37.5 to $50.0, over the past month.
International Paper Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IP | CALL | TRADE | BULLISH | 10/18/24 | $3.1 | $2.85 | $3.05 | $42.50 | $381.2K | 17.5K | 875 |
| IP | PUT | SWEEP | BULLISH | 08/16/24 | $1.0 | $0.35 | $0.44 | $37.50 | $333.1K | 2.2K | 4.9K |
| IP | CALL | TRADE | BEARISH | 10/18/24 | $3.2 | $2.6 | $2.8 | $42.50 | $238.0K | 17.5K | 25 |
| IP | PUT | SWEEP | BULLISH | 08/16/24 | $0.45 | $0.4 | $0.45 | $37.50 | $125.1K | 2.2K | 2.1K |
| IP | CALL | TRADE | BULLISH | 10/18/24 | $0.8 | $0.75 | $0.8 | $50.00 | $120.0K | 16.2K | 672 |
About International Paper
International Paper manufactures packaging products and cellulose fibers. It accounts for roughly one third of the North American corrugated packaging market. Though it has operations in Brazil, India, and China, more than three fourths of its sales come from North America. International Paper serves a variety of end markets, including industrial, consumer products, and manufacturing.
Having examined the options trading patterns of International Paper, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
International Paper's Current Market Status
- With a trading volume of 29,722,072, the price of IP is down by -8.07%, reaching $42.85.
- Current RSI values indicate that the stock is may be approaching oversold.
- Next earnings report is scheduled for 28 days from now.
Professional Analyst Ratings for International Paper
3 market experts have recently issued ratings for this stock, with a consensus target price of $48.333333333333336.
- An analyst from Truist Securities persists with their Buy rating on International Paper, maintaining a target price of $52.
- Consistent in their evaluation, an analyst from Wells Fargo keeps a Equal-Weight rating on International Paper with a target price of $41.
- Maintaining their stance, an analyst from Truist Securities continues to hold a Buy rating for International Paper, targeting a price of $52.
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 International Paper, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
