Deep-pocketed investors have adopted a bullish approach towards Tempus AI TEM, 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 TEM 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 Tempus AI. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 37% bearish. Among these notable options, 3 are puts, totaling $475,100, and 5 are calls, amounting to $200,566.
Predicted Price Range
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $45.0 to $80.0 for Tempus AI over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Tempus AI options trades today is 197.67 with a total volume of 1,564.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Tempus AI's big money trades within a strike price range of $45.0 to $80.0 over the last 30 days.
Tempus AI 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TEM | PUT | TRADE | BEARISH | 10/18/24 | $4.3 | $2.9 | $4.2 | $45.00 | $296.1K | 185 | 1.0K |
| TEM | PUT | SWEEP | BULLISH | 10/18/24 | $4.1 | $4.0 | $4.0 | $45.00 | $114.0K | 185 | 286 |
| TEM | PUT | TRADE | BULLISH | 09/20/24 | $14.3 | $13.0 | $13.0 | $65.00 | $65.0K | 109 | 1 |
| TEM | CALL | SWEEP | BULLISH | 09/20/24 | $3.7 | $3.5 | $3.6 | $80.00 | $50.5K | 79 | 162 |
| TEM | CALL | TRADE | NEUTRAL | 10/18/24 | $19.3 | $17.0 | $18.25 | $45.00 | $43.8K | 373 | 24 |
About Tempus AI
Tempus AI Inc is a technology company. It has built the Tempus Platform, which comprises both a technology platform to free healthcare data from silos and an operating system to make the resulting data useful. Its Intelligent Diagnostics use AI, including generative AI, to make laboratory tests more accurate, tailored, and personal.
Having examined the options trading patterns of Tempus AI, 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 Tempus AI
- Currently trading with a volume of 765,471, the TEM's price is up by 11.14%, now at $65.25.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 88 days.
What Analysts Are Saying About Tempus AI
In the last month, 3 experts released ratings on this stock with an average target price of $44.666666666666664.
- In a cautious move, an analyst from Piper Sandler downgraded its rating to Neutral, setting a price target of $40.
- An analyst from JP Morgan has decided to maintain their Overweight rating on Tempus AI, which currently sits at a price target of $47.
- An analyst from Needham has revised its rating downward to Buy, adjusting the price target to $47.
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 Tempus AI 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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