This Is What Whales Are Betting On Vertiv Holdings

Investors with a lot of money to spend have taken a bullish stance on Vertiv Holdings VRT.

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 VRT, 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 19 uncommon options trades for Vertiv Holdings.

This isn't normal.

The overall sentiment of these big-money traders is split between 57% bullish and 31%, bearish.

Out of all of the special options we uncovered, 16 are puts, for a total amount of $1,381,069, and 3 are calls, for a total amount of $122,850.

Projected Price Targets

After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $65.0 and $160.0 for Vertiv Holdings, spanning the last three months.

Analyzing Volume & Open Interest

In today's trading context, the average open interest for options of Vertiv Holdings stands at 388.71, with a total volume reaching 1,785.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Vertiv Holdings, situated within the strike price corridor from $65.0 to $160.0, throughout the last 30 days.

Vertiv Holdings 30-Day Option Volume & Interest Snapshot

Significant Options Trades Detected:

About Vertiv Holdings

Vertiv has roots tracing back to 1946 when its founder, Ralph Liebert, developed an air-cooling system for mainframe data rooms. As computers started making their way into commercial applications in 1965, Liebert developed one of the first computer room air conditioning, or CRAC, units, enabling the precise control of temperature and humidity. The firm has slowly expanded its data center portfolio through internal product development and the acquisition of thermal and power management products like condensers, busways, and switches. Vertiv has global operations today; its products can be found in data centers in most regions throughout the world.

After a thorough review of the options trading surrounding Vertiv Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.

Vertiv Holdings's Current Market Status

• Currently trading with a volume of 3,936,001, the VRT's price is down by -2.18%, now at $80.25.
• RSI readings suggest the stock is currently may be oversold.
• Anticipated earnings release is in 47 days.

What Analysts Are Saying About Vertiv Holdings

A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $121.0.

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. * Consistent in their evaluation, an analyst from Barclays keeps a Equal-Weight rating on Vertiv Holdings with a target price of $111. * Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Vertiv Holdings, targeting a price of $131. * Reflecting concerns, an analyst from RBC Capital lowers its rating to Outperform with a new price target of $121.

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 Vertiv Holdings with Benzinga Pro for real-time alerts.