Investors with a lot of money to spend have taken a bearish stance on Mobileye Global MBLY.
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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with MBLY, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for Mobileye Global.
This isn't normal.
The overall sentiment of these big-money traders is split between 22% bullish and 77%, bearish.
Out of all of the options we uncovered, 8 are puts, for a total amount of $551,265, and there was 1 call, for a total amount of $28,000.
What's The Price Target?
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $20.0 to $29.0 for Mobileye Global over the last 3 months.
Insights into Volume & Open Interest
In today's trading context, the average open interest for options of Mobileye Global stands at 456.25, with a total volume reaching 32,604.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Mobileye Global, situated within the strike price corridor from $20.0 to $29.0, throughout the last 30 days.
Mobileye Global Option Volume And Open Interest Over 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MBLY | PUT | SWEEP | BEARISH | 08/02/24 | $0.7 | $0.6 | $0.65 | $20.00 | $144.1K | 279 | 2.4K |
| MBLY | PUT | SWEEP | BEARISH | 08/02/24 | $0.7 | $0.6 | $0.7 | $20.00 | $100.5K | 279 | 3.9K |
| MBLY | PUT | SWEEP | BULLISH | 11/15/24 | $8.2 | $8.0 | $8.1 | $29.00 | $91.5K | 309 | 14 |
| MBLY | PUT | SWEEP | BEARISH | 08/16/24 | $1.1 | $0.85 | $0.9 | $20.00 | $55.5K | 251 | 620 |
| MBLY | PUT | SWEEP | BEARISH | 08/02/24 | $0.9 | $0.8 | $0.9 | $20.00 | $45.6K | 279 | 7.9K |
About Mobileye Global
Mobileye Global Inc engages in the development and deployment of ADAS and autonomous driving technologies and solutions. It is building a portfolio of end-to-end ADAS and autonomous driving solutions to provide the capabilities needed for the future of autonomous driving, leveraging a comprehensive suite of purpose-built software and hardware technologies. Mobileye is the Company's only reportable operating segment. Its solutions comprise Driver Assist, Cloud-Enhanced Driver Assist, Mobileye SuperVision Lite, Mobileye SuperVision, Mobileye Chauffeur, Mobileye Drive, Self-Driving System & Vehicles. It also provides data services to Expedite Maintenance Operations with AI-Powered Road Survey Technology.
Having examined the options trading patterns of Mobileye Global, 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 Mobileye Global
- With a trading volume of 3,032,457, the price of MBLY is down by -2.49%, reaching $21.73.
- Current RSI values indicate that the stock is may be oversold.
- Next earnings report is scheduled for 7 days from now.
What The Experts Say On Mobileye Global
A total of 4 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $34.5.
- An analyst from UBS has decided to maintain their Buy rating on Mobileye Global, which currently sits at a price target of $33.
- Consistent in their evaluation, an analyst from Goldman Sachs keeps a Buy rating on Mobileye Global with a target price of $32.
- An analyst from Barclays has decided to maintain their Overweight rating on Mobileye Global, which currently sits at a price target of $40.
- Reflecting concerns, an analyst from HSBC lowers its rating to Buy with a new price target of $33.
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 Mobileye Global options trades with real-time alerts from Benzinga Pro.
© 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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