Investors with significant funds have taken a bearish position in Peabody Energy BTU, a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in BTU usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 17 options transactions for Peabody Energy. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 35% being bullish and 52% bearish. Of all the options we discovered, 16 are puts, valued at $561,771, and there was a single call, worth $50,052.
Expected Price Movements
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $20.0 to $27.0 for Peabody Energy over the recent three months.
Analyzing Volume & Open Interest
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Peabody Energy's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Peabody Energy's significant trades, within a strike price range of $20.0 to $27.0, over the past month.
Peabody Energy 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| BTU | PUT | TRADE | BEARISH | 01/17/25 | $6.2 | $6.2 | $6.2 | $27.00 | $55.8K | 1.9K | 90 |
| BTU | CALL | SWEEP | BULLISH | 01/17/25 | $2.58 | $2.49 | $2.58 | $20.00 | $50.0K | 24.0K | 965 |
| BTU | PUT | TRADE | BEARISH | 09/06/24 | $1.5 | $1.5 | $1.5 | $22.50 | $45.0K | 1.7K | 755 |
| BTU | PUT | SWEEP | BEARISH | 09/06/24 | $1.5 | $1.38 | $1.5 | $22.50 | $38.2K | 1.7K | 1.0K |
| BTU | PUT | SWEEP | BEARISH | 09/13/24 | $1.24 | $1.16 | $1.23 | $22.00 | $37.7K | 2.0K | 1.7K |
About Peabody Energy
Peabody Energy Corp is a producer of metallurgical and thermal coal. It also markets and brokers coal, both as principal and agent, and trades coal and freight-related contracts. The company operates in the following segment: Seaborne Thermal, Seaborne Metallurgical, Powder River Basin, Other U.S. Thermal and Corporate and Other. Powder River Basin segment generates the majority of the revenue for the company. A substantial part of its overall revenue is generated from its customers in the United States, and rest from Japan, China, Australia, Taiwan and other regions.
Having examined the options trading patterns of Peabody Energy, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Peabody Energy Standing Right Now?
- Currently trading with a volume of 810,728, the BTU's price is down by -3.15%, now at $20.9.
- RSI readings suggest the stock is currently may be approaching oversold.
- Anticipated earnings release is in 48 days.
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 Peabody Energy with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
