Decoding Hewlett Packard's Options Activity: What's the Big Picture?

Investors with a lot of money to spend have taken a bearish stance on Hewlett Packard HPE.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HPE, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 25 uncommon options trades for Hewlett Packard.

This isn't normal.

The overall sentiment of these big-money traders is split between 8% bullish and 88%, bearish.

Out of all of the special options we uncovered, 2 are puts, for a total amount of $163,180, and 23 are calls, for a total amount of $1,240,346.

What's The Price Target?

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $17.0 and $26.0 for Hewlett Packard, spanning the last three months.

Analyzing Volume & Open Interest

Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Hewlett Packard's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Hewlett Packard's substantial trades, within a strike price spectrum from $17.0 to $26.0 over the preceding 30 days.

Hewlett Packard 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

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.

Having examined the options trading patterns of Hewlett Packard, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance

Present Market Standing of Hewlett Packard

• With a volume of 12,615,618, the price of HPE is down -0.05% at $21.16.
• RSI indicators hint that the underlying stock may be overbought.
• Next earnings are expected to be released in 57 days.

Expert Opinions on Hewlett Packard

5 market experts have recently issued ratings for this stock, with a consensus target price of $22.2.

• An analyst from Morgan Stanley has decided to maintain their Equal-Weight rating on Hewlett Packard, which currently sits at a price target of $21.
• Maintaining their stance, an analyst from Susquehanna continues to hold a Neutral rating for Hewlett Packard, targeting a price of $20.
• An analyst from Evercore ISI Group has decided to maintain their In-Line rating on Hewlett Packard, which currently sits at a price target of $22.
• Showing optimism, an analyst from Argus Research upgrades its rating to Buy with a revised price target of $26.
• Maintaining their stance, an analyst from B of A Securities continues to hold a Neutral rating for Hewlett Packard, targeting a price of $22.

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 Hewlett Packard options trades with real-time alerts from Benzinga Pro.