Behind the Scenes of Hewlett Packard's Latest Options Trends

Whales with a lot of money to spend have taken a noticeably bullish stance on Hewlett Packard.

Looking at options history for Hewlett Packard HPE we detected 8 trades.

If we consider the specifics of each trade, it is accurate to state that 75% of the investors opened trades with bullish expectations and 25% with bearish.

From the overall spotted trades, 5 are puts, for a total amount of $518,265 and 3, calls, for a total amount of $93,452.

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 $15.0 to $30.0 for Hewlett Packard during the past quarter.

Analyzing Volume & Open Interest

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Hewlett Packard's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Hewlett Packard's whale trades within a strike price range from $15.0 to $30.0 in the last 30 days.

Hewlett Packard Option Activity Analysis: Last 30 Days

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.

In light of the recent options history for Hewlett Packard, it's now appropriate to focus on the company itself. We aim to explore its current performance.

Where Is Hewlett Packard Standing Right Now?

• With a trading volume of 6,901,387, the price of HPE is down by -2.18%, reaching $20.66.
• Current RSI values indicate that the stock is may be approaching overbought.
• Next earnings report is scheduled for 55 days from now.

Expert Opinions on Hewlett Packard

In the last month, 5 experts released ratings on this stock with an average target price of $21.0.

• An analyst from Morgan Stanley persists with their Equal-Weight rating on Hewlett Packard, maintaining a target price of $21.
• An analyst from B of A Securities has decided to maintain their Neutral rating on Hewlett Packard, which currently sits at a price target of $24.
• Maintaining their stance, an analyst from UBS continues to hold a Neutral rating for Hewlett Packard, targeting a price of $17.
• An analyst from Morgan Stanley persists with their Equal-Weight rating on Hewlett Packard, maintaining a target price of $21.
• 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.

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 Hewlett Packard with Benzinga Pro for real-time alerts.