Whales with a lot of money to spend have taken a noticeably bearish stance on Amgen.

Looking at options history for Amgen (NASDAQ:AMGN) we detected 28 trades.

If we consider the specifics of each trade, it is accurate to state that 42% of the investors opened trades with bullish expectations and 46% with bearish.

From the overall spotted trades, 16 are puts, for a total amount of $2,256,910 and 12, calls, for a total amount of $503,085.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $185.0 to $380.0 for Amgen over the recent three months.

Insights into 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 Amgen's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Amgen's significant trades, within a strike price range of $185.0 to $380.0, over the past month.

Amgen Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

About Amgen

Amgen's Current Market Status

• With a volume of 1,450,738, the price of AMGN is down -1.49% at $314.9.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 7 days.

What The Experts Say On Amgen

A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $348.2.

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