Financial giants have made a conspicuous bearish move on Futu Hldgs. Our analysis of options history for Futu Hldgs FUTU revealed 10 unusual trades.
Delving into the details, we found 40% of traders were bullish, while 50% showed bearish tendencies. Out of all the trades we spotted, 5 were puts, with a value of $191,981, and 5 were calls, valued at $248,570.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $60.0 to $80.0 for Futu Hldgs during the past quarter.
Insights into 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 Option Volume And Open Interest Over Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FUTU | CALL | TRADE | BULLISH | 01/17/25 | $10.3 | $10.05 | $10.3 | $65.00 | $60.7K | 1.9K | 0 |
| FUTU | CALL | TRADE | BULLISH | 01/16/26 | $13.45 | $13.45 | $13.45 | $80.00 | $53.8K | 5.8K | 1 |
| FUTU | PUT | SWEEP | BEARISH | 08/16/24 | $14.75 | $13.95 | $14.75 | $80.00 | $53.1K | 75 | 61 |
| FUTU | CALL | TRADE | BEARISH | 01/17/25 | $14.55 | $12.9 | $12.9 | $60.00 | $51.6K | 687 | 0 |
| FUTU | PUT | SWEEP | BULLISH | 08/16/24 | $16.7 | $14.35 | $14.5 | $80.00 | $44.9K | 75 | 0 |
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.
In light of the recent options history for Futu Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Futu Hldgs
- Trading volume stands at 540,987, with FUTU's price down by -1.19%, positioned at $65.01.
- RSI indicators show the stock to be may be oversold.
- Earnings announcement expected in 55 days.
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 Futu Hldgs with Benzinga Pro for real-time alerts.
© 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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