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 14 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 28% leaning bullish and 14% bearish. Among these notable options, 9 are puts, totaling $792,625, and 5 are calls, amounting to $253,256.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $175.0 to $400.0 for Powell Industries over the last 3 months.
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 $400.0 in the last 30 days.
Powell Industries Option Activity Analysis: Last 30 Days
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| POWL | PUT | SWEEP | BULLISH | 05/16/25 | $84.5 | $83.2 | $83.69 | $370.00 | $267.3K | 3 | 64 |
| POWL | PUT | SWEEP | BULLISH | 05/16/25 | $83.5 | $82.3 | $83.06 | $370.00 | $181.5K | 3 | 22 |
| POWL | CALL | TRADE | NEUTRAL | 02/21/25 | $48.5 | $44.7 | $46.5 | $400.00 | $93.0K | 9 | 24 |
| POWL | PUT | SWEEP | BULLISH | 05/16/25 | $87.5 | $83.7 | $85.58 | $370.00 | $85.5K | 3 | 75 |
| POWL | PUT | SWEEP | NEUTRAL | 05/16/25 | $84.5 | $82.9 | $83.68 | $370.00 | $83.6K | 3 | 27 |
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.
After a thorough review of the options trading surrounding Powell Industries, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
Powell Industries's Current Market Status
- Trading volume stands at 165,812, with POWL's price up by 2.59%, positioned at $355.36.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 8 days.
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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.
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