High-rolling investors have positioned themselves bearish on Futu Hldgs FUTU, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in FUTU often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 9 options trades for Futu Hldgs. This is not a typical pattern.
The sentiment among these major traders is split, with 44% bullish and 55% bearish. Among all the options we identified, there was one put, amounting to $60,839, and 8 calls, totaling $395,839.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $74.0 to $115.0 for Futu Hldgs during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Futu Hldgs'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 Futu Hldgs's whale activity within a strike price range from $74.0 to $115.0 in the last 30 days.
Futu Hldgs 30-Day Option Volume & Interest Snapshot
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FUTU | CALL | SWEEP | BEARISH | 01/17/25 | $1.51 | $1.31 | $1.5 | $115.00 | $100.6K | 40 | 771 |
| FUTU | CALL | SWEEP | BEARISH | 10/04/24 | $8.0 | $6.65 | $6.66 | $74.00 | $66.1K | 800 | 0 |
| FUTU | PUT | SWEEP | BEARISH | 10/04/24 | $2.53 | $2.06 | $2.33 | $81.00 | $60.8K | 0 | 300 |
| FUTU | CALL | SWEEP | BEARISH | 01/17/25 | $10.45 | $10.4 | $10.4 | $80.00 | $44.7K | 2.1K | 70 |
| FUTU | CALL | TRADE | BULLISH | 12/20/24 | $12.5 | $11.35 | $12.5 | $75.00 | $43.7K | 644 | 39 |
About Futu Hldgs
Futu Holdings Ltd is an online broker providing one-stop online investing services. The company provides its services through its digital platform Futu NiuNiu, which includes market data, trading service, and news feed of Hong Kong, Mainland China, Singapore, and United States equity markets. It generates its revenue in the form of brokerage commission and handling charge services.
In light of the recent options history for Futu Hldgs, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Current Position of Futu Hldgs
- Trading volume stands at 1,564,848, with FUTU's price up by 6.34%, positioned at $80.31.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 56 days.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. Click here for access.
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 Futu Hldgs 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.
