Investors with a lot of money to spend have taken a bullish stance on Charles Schwab SCHW.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with SCHW, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 9 uncommon options trades for Charles Schwab.
This isn't normal.
The overall sentiment of these big-money traders is split between 55% bullish and 44%, bearish.
Out of all of the special options we uncovered, 5 are puts, for a total amount of $287,314, and 4 are calls, for a total amount of $142,650.
Projected Price Targets
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $62.5 to $80.0 for Charles Schwab over the recent three months.
Volume & Open Interest Trends
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Charles Schwab's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Charles Schwab's substantial trades, within a strike price spectrum from $62.5 to $80.0 over the preceding 30 days.
Charles Schwab Option Volume And Open Interest Over Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SCHW | PUT | SWEEP | BULLISH | 02/21/25 | $1.61 | $1.56 | $1.56 | $70.00 | $70.6K | 5.6K | 1.2K |
| SCHW | CALL | SWEEP | BEARISH | 03/21/25 | $1.93 | $1.84 | $1.84 | $80.00 | $62.0K | 2.4K | 512 |
| SCHW | PUT | SWEEP | BULLISH | 03/21/25 | $1.37 | $1.33 | $1.33 | $67.50 | $59.0K | 1.1K | 1.0K |
| SCHW | PUT | SWEEP | BULLISH | 03/21/25 | $1.39 | $1.34 | $1.34 | $67.50 | $55.7K | 1.1K | 508 |
| SCHW | PUT | SWEEP | BULLISH | 02/21/25 | $1.55 | $1.54 | $1.55 | $70.00 | $55.6K | 5.6K | 362 |
About Charles Schwab
Charles Schwab operates in brokerage, wealth management, banking, and asset management. It runs a large network of brick-and-mortar brokerage branch offices and a well-established online investing website, and it has mobile trading capabilities. It also operates a bank and a proprietary asset-management business and offers services to independent investment advisors. Schwab is among the largest firms in the investment business, with over $9 trillion of client assets at the end of September 2024. Nearly all of its revenue is from the United States.
In light of the recent options history for Charles Schwab, it's now appropriate to focus on the company itself. We aim to explore its current performance.
Present Market Standing of Charles Schwab
- With a volume of 1,481,762, the price of SCHW is down -0.18% at $74.17.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 23 days.
Expert Opinions on Charles Schwab
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $93.2.
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. * An analyst from Wells Fargo persists with their Equal-Weight rating on Charles Schwab, maintaining a target price of $90. * An analyst from Barclays upgraded its action to Overweight with a price target of $95. * An analyst from JMP Securities has revised its rating downward to Market Outperform, adjusting the price target to $94. * An analyst from Jefferies has decided to maintain their Buy rating on Charles Schwab, which currently sits at a price target of $94. * Maintaining their stance, an analyst from Keefe, Bruyette & Woods continues to hold a Outperform rating for Charles Schwab, targeting a price of $93.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Charles Schwab, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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