Financial giants have made a conspicuous bullish move on AbbVie. Our analysis of options history for AbbVie ABBV revealed 8 unusual trades.
Delving into the details, we found 37% of traders were bullish, while 12% showed bearish tendencies. Out of all the trades we spotted, 4 were puts, with a value of $325,314, and 4 were calls, valued at $527,350.
Projected Price Targets
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $165.0 to $195.0 for AbbVie during the past quarter.
Volume & Open Interest Trends
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for AbbVie's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of AbbVie's whale trades within a strike price range from $165.0 to $195.0 in the last 30 days.
AbbVie Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ABBV | CALL | SWEEP | BEARISH | 09/20/24 | $28.4 | $27.15 | $28.0 | $165.00 | $361.2K | 1.4K | 29 |
| ABBV | PUT | TRADE | BULLISH | 12/20/24 | $3.8 | $3.7 | $3.71 | $180.00 | $204.0K | 8 | 553 |
| ABBV | CALL | TRADE | BULLISH | 12/20/24 | $8.1 | $8.05 | $8.1 | $195.00 | $101.2K | 363 | 125 |
| ABBV | PUT | TRADE | NEUTRAL | 09/20/24 | $2.12 | $1.83 | $1.95 | $195.00 | $58.5K | 3.3K | 1.0K |
| ABBV | PUT | TRADE | NEUTRAL | 01/16/26 | $18.25 | $17.75 | $17.98 | $190.00 | $35.9K | 646 | 20 |
About AbbVie
AbbVie is a pharmaceutical firm with a strong exposure to immunology (with Humira, Skyrizi, and Rinvoq) and oncology (with Imbruvica and Venclexta). The company was spun off from Abbott in early 2013. The 2020 acquisition of Allergan added several new products and drugs in aesthetics (including Botox).
Following our analysis of the options activities associated with AbbVie, we pivot to a closer look at the company's own performance.
Current Position of AbbVie
- With a trading volume of 3,370,211, the price of ABBV is down by -0.39%, reaching $192.86.
- Current RSI values indicate that the stock is is currently neutral between overbought and oversold.
- Next earnings report is scheduled for 35 days from now.
Expert Opinions on AbbVie
In the last month, 1 experts released ratings on this stock with an average target price of $209.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Piper Sandler keeps a Overweight rating on AbbVie with a target price of $209.
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 AbbVie with Benzinga Pro for real-time alerts.
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