Deep-pocketed investors have adopted a bearish approach towards Universal Display OLED, 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 OLED usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 10 extraordinary options activities for Universal Display. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 50% bearish. Among these notable options, 5 are puts, totaling $180,440, and 5 are calls, amounting to $153,554.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $140.0 and $220.0 for Universal Display, spanning the last three months.
Insights into Volume & Open Interest
In terms of liquidity and interest, the mean open interest for Universal Display options trades today is 138.0 with a total volume of 637.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Universal Display's big money trades within a strike price range of $140.0 to $220.0 over the last 30 days.
Universal Display 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| OLED | CALL | SWEEP | BEARISH | 01/17/25 | $11.9 | $11.2 | $11.4 | $220.00 | $44.8K | 297 | 67 |
| OLED | PUT | SWEEP | BULLISH | 01/17/25 | $20.2 | $20.1 | $20.2 | $200.00 | $44.4K | 117 | 25 |
| OLED | PUT | TRADE | BEARISH | 01/17/25 | $20.3 | $19.9 | $20.2 | $200.00 | $36.3K | 117 | 43 |
| OLED | PUT | TRADE | BULLISH | 01/17/25 | $20.4 | $20.1 | $20.1 | $200.00 | $36.1K | 117 | 43 |
| OLED | PUT | TRADE | BULLISH | 01/17/25 | $20.9 | $20.6 | $20.6 | $200.00 | $32.9K | 117 | 77 |
About Universal Display
Universal Display Corp researches, develops, and manufactures organic light-emitting diode, or OLED, technologies for use in displays for mobile phones, tablets, televisions, wearables, personal computers, automotive interiors, and the solid-state lighting market. OLED technologies are an alternative to light-emitting diode, or LED, technologies, in the solid-state lighting market, and liquid crystal displays in the flat-panel-display market. A large majority of the firm's revenue is generated in South Korea, with the rest coming from Japan, China, the United States, and other countries across the world.
Following our analysis of the options activities associated with Universal Display, we pivot to a closer look at the company's own performance.
Present Market Standing of Universal Display
- With a volume of 168,788, the price of OLED is down -0.31% at $195.0.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 50 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 Universal Display, 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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