Deep-pocketed investors have adopted a bearish approach towards HCA Healthcare HCA, 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 HCA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 30 extraordinary options activities for HCA Healthcare. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 40% leaning bullish and 60% bearish. Among these notable options, 13 are puts, totaling $584,901, and 17 are calls, amounting to $1,026,933.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $120.0 to $430.0 for HCA Healthcare over the recent three months.
Insights into Volume & Open Interest
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 HCA Healthcare'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 HCA Healthcare's whale activity within a strike price range from $120.0 to $430.0 in the last 30 days.
HCA Healthcare Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HCA | CALL | TRADE | BEARISH | 11/15/24 | $8.1 | $7.1 | $7.3 | $430.00 | $219.0K | 314 | 308 |
| HCA | PUT | SWEEP | BEARISH | 12/20/24 | $15.6 | $15.2 | $15.2 | $390.00 | $118.5K | 215 | 70 |
| HCA | CALL | TRADE | BULLISH | 06/20/25 | $104.6 | $99.6 | $104.6 | $310.00 | $104.6K | 0 | 10 |
| HCA | CALL | SWEEP | BULLISH | 11/15/24 | $25.5 | $24.1 | $25.5 | $390.00 | $99.4K | 113 | 49 |
| HCA | CALL | SWEEP | BULLISH | 11/15/24 | $15.3 | $14.3 | $15.3 | $410.00 | $71.9K | 505 | 276 |
About HCA Healthcare
HCA Healthcare is a Nashville-based healthcare provider organization operating the largest collection of acute-care hospitals in the United States. As of June 2024, the firm owned and operated 188 hospitals, 123 freestanding outpatient surgery centers, and a broad network of physician offices, urgent-care clinics, and freestanding emergency rooms across 20 states and a small foothold in England.
After a thorough review of the options trading surrounding HCA Healthcare, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Present Market Standing of HCA Healthcare
- Currently trading with a volume of 1,490,984, the HCA's price is down by -1.26%, now at $404.88.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 1 days.
What Analysts Are Saying About HCA Healthcare
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $413.5.
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. * Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for HCA Healthcare, targeting a price of $395. * In a cautious move, an analyst from Keybanc downgraded its rating to Overweight, setting a price target of $475. * An analyst from Cantor Fitzgerald downgraded its action to Overweight with a price target of $392. * An analyst from Cantor Fitzgerald has revised its rating downward to Overweight, adjusting the price target to $392.
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 HCA Healthcare with Benzinga Pro for real-time alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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