Deep-pocketed investors have adopted a bullish approach towards Powell Industries POWL, 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 POWL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 15 extraordinary options activities for Powell Industries. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 33% leaning bullish and 26% bearish. Among these notable options, 5 are puts, totaling $259,148, and 10 are calls, amounting to $390,601.
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 $175.0 to $370.0 for Powell Industries during the past quarter.
Insights into Volume & Open Interest
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 Powell Industries'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 Powell Industries's whale trades within a strike price range from $175.0 to $370.0 in the last 30 days.
Powell Industries 30-Day Option Volume & Interest Snapshot
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| POWL | PUT | TRADE | NEUTRAL | 11/15/24 | $23.9 | $20.0 | $22.0 | $350.00 | $88.0K | 0 | 100 |
| POWL | CALL | SWEEP | BEARISH | 12/20/24 | $21.5 | $21.0 | $21.0 | $370.00 | $75.5K | 6 | 0 |
| POWL | CALL | SWEEP | NEUTRAL | 11/15/24 | $39.0 | $35.2 | $37.0 | $300.00 | $66.6K | 159 | 25 |
| POWL | PUT | TRADE | BULLISH | 11/15/24 | $6.8 | $4.7 | $5.5 | $300.00 | $55.0K | 19 | 102 |
| POWL | CALL | SWEEP | BULLISH | 11/15/24 | $46.8 | $42.4 | $45.18 | $290.00 | $45.1K | 189 | 23 |
About Powell Industries
Powell Industries Inc is a United States-based company that develops, designs, manufactures, and services custom-engineered equipment and systems for electrical energy distribution, control, and monitoring. The company's principal products comprise integrated power control room substations, custom-engineered modules, electrical houses, traditional and arc-resistant distribution switchgear and control gear, and so on. These products are applied in oil and gas refining, offshore oil and gas production, petrochemical, pipeline, terminal, mining and metals, light-rail traction power, electric utility, pulp and paper, and other heavy industrial markets. The company generates the majority of its sales from the United States.
Powell Industries's Current Market Status
- Currently trading with a volume of 395,587, the POWL's price is up by 10.39%, now at $324.99.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 13 days.
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.
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 Powell Industries with Benzinga Pro for real-time alerts.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
