Investors with a lot of money to spend have taken a bullish stance on Calumet CLMT.
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 this is an institution or just a wealthy individual, we don't know. But when something this big happens with CLMT, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 20 options trades for Calumet.
This isn't normal.
The overall sentiment of these big-money traders is split between 85% bullish and 0%, bearish.
Out of all of the options we uncovered, 19 are puts, for a total amount of $833,524, and there was 1 call, for a total amount of $35,500.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $17.0 to $30.0 for Calumet over the last 3 months.
Analyzing 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 Calumet's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Calumet's significant trades, within a strike price range of $17.0 to $30.0, over the past month.
Calumet Call and Put Volume: 30-Day Overview
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| CLMT | PUT | SWEEP | BULLISH | 10/17/25 | $12.6 | $11.9 | $11.64 | $30.00 | $216.2K | 10 | 185 |
| CLMT | PUT | SWEEP | BULLISH | 10/17/25 | $12.5 | $11.8 | $11.95 | $30.00 | $92.2K | 10 | 185 |
| CLMT | PUT | TRADE | BULLISH | 05/16/25 | $2.1 | $1.9 | $1.95 | $17.00 | $48.5K | 1.0K | 400 |
| CLMT | PUT | TRADE | BULLISH | 05/16/25 | $1.9 | $1.85 | $1.86 | $17.00 | $46.5K | 1.0K | 1.4K |
| CLMT | CALL | TRADE | NEUTRAL | 01/16/26 | $3.7 | $3.4 | $3.55 | $25.00 | $35.5K | 365 | 100 |
About Calumet
Calumet Inc is a producer of specialty products, including base oils, specialty oils, solvents, esters, and waxes, as well as a variety of fuel and fuel-related products, including asphalt and heavy fuel oils. The company manufactures, formulates, and markets a variety of specialty branded products to customers in various consumer-facing and industrial markets.
Present Market Standing of Calumet
- With a volume of 252,080, the price of CLMT is up 0.47% at $19.05.
- RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
- Next earnings are expected to be released in 37 days.
What Analysts Are Saying About Calumet
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $33.0.
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. * An analyst from HC Wainwright & Co. has decided to maintain their Buy rating on Calumet, which currently sits at a price target of $33.
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 Calumet with Benzinga Pro for real-time alerts.
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