Deep-pocketed investors have adopted a bullish approach towards C3.ai AI, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in AI usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for C3.ai. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 62% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $167,716, and 5 are calls, amounting to $246,100.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $30.0 to $50.0 for C3.ai over the recent three months.
Volume & Open Interest Development
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in C3.ai's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to C3.ai's substantial trades, within a strike price spectrum from $30.0 to $50.0 over the preceding 30 days.
C3.ai Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| AI | PUT | SWEEP | BEARISH | 08/16/24 | $1.35 | $1.33 | $1.34 | $30.00 | $106.2K | 6.7K | 58 |
| AI | CALL | TRADE | BULLISH | 12/20/24 | $4.7 | $4.4 | $4.6 | $32.50 | $91.9K | 1.9K | 0 |
| AI | CALL | SWEEP | BULLISH | 12/20/24 | $2.91 | $2.9 | $2.9 | $37.50 | $58.0K | 954 | 0 |
| AI | CALL | SWEEP | BULLISH | 07/19/24 | $0.98 | $0.78 | $0.89 | $31.00 | $43.0K | 1.2K | 33 |
| AI | PUT | SWEEP | BEARISH | 01/16/26 | $21.95 | $21.55 | $21.95 | $50.00 | $30.7K | 14 | 0 |
About C3.ai
C3.ai Inc is an enterprise artificial intelligence company. The company provides software-as-a-service applications that enable customers to rapidly develop, deploy, and operate large-scale Enterprise AI applications across any infrastructure. It provides solutions under three divisions namely, The C3 AI Platform, which is an end-to-end application development and runtime environment for designing, developing, and deploy AI applications: C3 AI Applications, which is a portfolio of pre-built, extensible, industry-specific, and application-specific Enterprise AI applications: and C3 Generative AI, which combines the utility of large language models. Geographically the company derives revenue from North America, Europe, the Middle East and Africa, Asia Pacific, and the Rest of World.
Where Is C3.ai Standing Right Now?
- Currently trading with a volume of 4,209,344, the AI's price is down by -0.53%, now at $29.8.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 55 days.
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 C3.ai, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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